Paul Hennessy

What a difference a year makes. 2018 began with synchronized global growth and a tax cut boost for the U.S. stockmarket, but it finished with an increasing focus on geopolitical tensions and plunging asset prices. Show More

Macro
Paul Hennessy

Business as usual? Not quite. Hike number nine was, at first glance, business as usual for the U.S. Federal Reserve. The target federal funds rate range now stands at 2.25%–2.5%, following the widely expected move to raise rates by a quarter percentage point on December 19. Show More

Paul Hennessy

As a wave of mergers and acquisitions has swept the business world in recent years, more industries have come to be dominated by just a few massive companies. In many sectors, competitors have joined forces to build scale and drive innovation amid mature growth. Show More

Paul Hennessy

Global trade tensions are on the rise. And while much of the attention has centered on a series of retaliatory tariffs between the United States and China, trade disputes with European and North American allies also have strained traditionally friendly relationships. Show More

Paul Hennessy

The recent uptick in global market volatility has been driven by fears about price pressures and inflation. My colleague, investment director Andy Budden, answers questions about the inflation outlook and reflects on its implications for different asset classes. Show More

Paul Hennessy

My colleague Tim Armour has shown how markets periodically experience corrections that are part of the investment environment. Recent volatility has been jarring but the global economy is largely supportive of corporate earnings and markets. History highlights the paramount importance of staying invested through volatile economic periods to provide long-term... Show More

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