Investment Outlook: Loomis Sayles
Highlights
- Macro Drivers: US corporations are showing leadership, while global market fundamentals look set to bottom soon and improve throughout 2024.
- Corporate Credit: With little expectations of a default wave, Loomis believes that the potential to earn over 7.5% on US high yield credit could be an opportunity for equity-like returns.
- Currencies: The euro and pound sterling may struggle to make significant gains relative to the US dollar. The Fed will most likely be easing first but the European Central Bank and Bank of England should cut rates soon after, believes Loomis.
- Asset Class Outlook: US securitized assets within credit and US growth equity exposure is preferred, but a rally can broaden globally.
Resources
1765445.29.1