Thinking | T. Rowe Price

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This Quarter (Q4 2024) Hide

November 2024 / From the Field

Unlocking opportunities: Market broadening and a new chapter for emergi...

Unlocking opportunities: Market broadening and a new chapter for emerging...

Unlocking opportunities: Market broadening...

How broadening equity returns and reemergence of EMs require a different mindset.

By Scott Berg

Scott Berg Portfolio Manager, Global Growth Equity Strategy

November 2024 / From the Field

Looking for durable, needle-moving growth in the AI tech stack

Looking for durable, needle-moving growth...

AI will be disruptive. Growth investors should focus on what creates value over the...

By Paul Greene

Paul Greene Portfolio Manager, U.S. Large-Cap Core Growth Equity Strategy

The outlook for international equities amid the shifting market environ...

The outlook for international equities amid the shifting market environment

The outlook for international equities amid...

By Justin Thomson

Justin Thomson Head of International Equity and CIO

Meet the Manager - Peter Bates

Peter Bates sharing personal insights and lessons from basketball that he applies...

By Peter J. Bates

Peter J. Bates Portfolio Manager

October 2024 / From the Field

After a number of false dawns, has China turned the corner?

After a number of false dawns, has China...

Robert Secker shares his perspectives on China.

By Robert Secker

Robert Secker Portfolio Specialist

November 2024 / From the Field

Will Fed rate cuts translate into a strong U.S. economy?

Will Fed rate cuts translate into a strong...

Investors may need to temper their expectations for the Fed to boost U.S. growth...

November 2024 / From the Field

Why it’s time to consider moving out of cash and into fixed income

Why it’s time to consider moving out of cash...

Income and growth attributes support the case for redeploying cash into bond markets.

By Kenneth A. Orchard

Kenneth A. Orchard Head of International Fixed Income

November 2024 / In the Loop

What Trump’s win means for policy, the economy, and markets

What Trump’s win means for policy, the economy,...

Extending tax cuts and an assertive approach on trade policy likely to be areas of...

By Gilad Fortgang, Blerina Uruçi & Timothy C. Murray

November 2024 / From the Field

What is driving gold prices to all-time record highs?

What is driving gold prices to all-time record...

A number of supportive tailwinds suggest a continuing positive outlook

By Richard de los Reyes

Richard de los Reyes Sector Portfolio Manager and Head of Commodities

October 2024 / From the Field

Can you trust recession forecasts?

Special Topic: Can you trust recession forecasts?

Three special factors may help the U.S. economy avoid a recession.

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

Q3 Global Equity Market Wrap

Key global equity themes

By Samuel Ruiz

Samuel Ruiz Portfolio Specialist

Concentrated Global Equity Fund - Q3 Update

By Samuel Ruiz

Samuel Ruiz Portfolio Specialist

Global Equity Fund - Q3 Update

By Samuel Ruiz

Samuel Ruiz Portfolio Specialist

Ausbiz: Top tech stocks and emerging markets to watch this earnings sea...

Ausbiz: Top tech stocks and emerging markets to watch this earnings season

Ausbiz: Top tech stocks and emerging markets...

By Samuel Ruiz

Samuel Ruiz Portfolio Specialist

October 2024 / From the Field

Fed’s focus on jobs is leading to bond market normalization

Fed’s focus on jobs is leading to bond market...

There are signs that the negative correlation between Treasuries and risk assets...

October 2024 / In the Loop

Three policy developments to watch after the U.S. election

Three policy developments to watch after U.S. election

Three policy developments to watch after...

The postelection shift from campaigning to governing can create uncertainty for markets.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division of T. Rowe Price Investment Management, Inc.

October 2024 / On the Horizon

Navigate the 2025 Global Market Outlook

Get a quick summary of the 2025 Global Market Outlook.

By Ritu Vohora

Ritu Vohora Investment Specialist

October 2024 / From the Field

Could a 5% 10-year Treasury yield be around the corner?

Ahead of the Curve: Could a 5% 10-year Treasury yield be around the corner?

Ahead of the Curve: Could a 5% 10-year Treasury...

Higher Treasury yields expected due to fiscal spending and Fed quantitative tightening.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

October 2024 / From the Field

The Fed’s big cut may favor high yield bonds

The Fed’s September rate cut reduced the risk of a recession. High yield bonds may...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist Multi‑Asset Division

October 2024 / From the Field

Friendshoring is reconfiguring global trade

Opportunities arise for the West’s allies to plug supply deficits.

By Roy Adkins, Ivan Morozov & Elliot Shue

The Great Broadening: from AI and the Mag 7 to Emerging Markets and Bey...

The Great Broadening: from AI and the Mag 7 to Emerging Markets and Beyond...

The Great Broadening: from AI and the Mag...

Iona Dent and Sam Ruiz spoke to ensombl about ‘The Great Broadening’, and where they...

By Iona Dent & Samuel Ruiz

October 2024 / In the Loop

U.S. Election: What's at stake for M&A and antitrust policy?

U.S. Election: What's at stake for M&A and...

Next president to decide if tough antitrust policy continues.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division of T. Rowe Price Investment Management, Inc.

Previous Quarter (Q3 2024) Hide

September 2024 / MARKETS & ECONOMY

Three key themes to watch out for in emerging markets

Three key themes to watch out for in emerging...

Economic growth resiliency to be tested, while new countries could start cutting...

By Chris Kushlis

Chris Kushlis Chief Emerging Markets Macro Strategist

September 2024 / FIXED INCOME

AI and fixed income: Booming demand for data center ABS and CMBS

AI and fixed income: Booming demand for data...

Artificial intelligence drives demand for data center ABS and CMBS investments.

By David Xu, CFA & Adam E. Haya

September 2024 / FIXED INCOME

How AI’s impact is reaching into areas that might surprise you

How AI’s impact is reaching into areas that...

Discover how rising AI energy demands are reshaping independent power producer credit...

By David Yatzeck

David Yatzeck Associate Portfolio Manager, High Yield

September 2024 / ESG

2024 Aggregate Proxy Voting Summary

Examining key trends in T. Rowe Price Associates, Inc.’s proxy voting activity over...

By Donna Anderson & Jocelyn Brown

September 2024 / From the Field

Cutting cycles and learning to love bonds again

Cutting cycles and learning to love bonds...

History provides some clues about which asset classes are likely to outperform

By Sébastien Page

Sébastien Page CIO and Head of Global Multi-Asset

September 2024 / From the Field

Are we partying like it’s 1999 again?

Are we partying like it's 1999 again?

AI versus Dotcom: There are some similarities, yet also key differences.

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equities

September 2024 / MARKETS & ECONOMY

How the U.S. election could impact the financials sector

How the U.S. election could impact the financials...

Next president will determine whether financial regulators will mount up or stand...

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division of T. Rowe Price Investment Management, Inc.

September 2024 / MARKETS & ECONOMY

How healthy is the U.S. labour market?

The Federal Reserve appears ready to cut rates. Job growth will be key for how stocks...

By Tim Murray

Tim Murray Capital Markets Strategist, Multi‑Asset Division

September 2024 / EQUITY

Ausbiz: The emerging markets to benefit from U.S. rate cuts

Ausbiz: The emerging markets to benefit from...

By Samuel P. Ruiz

Samuel P. Ruiz Portfolio Specialist

September 2024 / In the Spotlight

The power of additionality: Blue bonds could boost sustainability

The power of additionality: Blue bonds could...

Blue bonds could boost sustainability efforts in emerging markets

By Willem Visser & Tongai Kunorubwe

Vietnam: vibrant, dynamic and fastest growing

Sam Ruiz is on location in Vietnam delving into why this emerging market is fast...

By Samuel Ruiz

Samuel Ruiz Equity Portfolio Specialist

August 2024 / FIXED INCOME

Ahead of the Curve: The San Andreas fault of finance shakes the markets

Ahead of the Curve: The San Andreas fault...

Monetary tightening in Japan is rearranging global capital flows.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

August 2024 / ESG

How say-on-pay voting is shaping trends in executive compensation

How say-on-pay voting is shaping trends in...

Some 15+ years after the introduction of say-on-pay voting, we assess its impact...

By Donna Anderson & Jocelyn Brown

August 2024 / ESG

Linking corporate profits with natural capital in the Amazon rainforest

Linking corporate profits with natural capital...

Linking corporate profits with natural capital in the Amazon rainforest

By Maria Elena Drew & Iona Walker

August 2024 / VIDEO

Not all healthcare stocks are created equal. Here are three to watch

Not all healthcare stocks are created equal....

Biotech and GLP-1 deep dive

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

August 2024 / VIDEO

An underappreciated small cap worthy of an energy investor’s interest

An underappreciated small cap worthy of an...

Energy transition is far more than just a "net zero" mission

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

August 2024 / ESG

Could GLP-1s help rebalance the food trilemma?

Anti-obesity medications could play a key role in balancing the food trilemma

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing, T. Rowe Price Associates, Inc.

August 2024 / MULTI-ASSET

Will government debt boil the frog?

How much should investors worry about the ballooning U.S. government debt?

By Sebastien Page

Sebastien Page CIO and Head of Global Multi-Asset

August 2024 / EQUITY

Are U.S. stocks too expensive?

Can levels of profitability and efficiency of U.S. tech companies be sustained?

By Tim Murray

Tim Murray Capital Markets Strategist Multi‑Asset Division

August 2024 / MARKETS & ECONOMY

U.S. election and trade policy: What investors need to know

U.S. election and trade policy: What investors...

Presidential election will shape the pace of deglobalization.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division of T. Rowe Price Investment Management, Inc.

August 2024 / STRATEGY SPOTLIGHT

Growing government debt has raised concerns. Should it?

Growing government debt has raised concerns....

We believe governments have time and options to address historically high debt-to-gross...

By Thomas Kasanin & Ivan Morozov

August 2024 / FIXED INCOME

Perspectives on securitized credit

Although the rally lost some momentum in Q2, securitized credit markets still performed...

By Christopher Brown, Ramon de Castro & Jean-Marc Breaux

August 2024 / VIDEO

3 impact stocks to access the AI megatrend (beyond NVIDIA)

3 impact stocks to access the AI megatrend...

Are you curious to know what AI means for impact investing?

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

August 2024 / MARKETS & ECONOMY

Policy matters: U.S. election could impact renewables and electric vehi...

Policy matters: U.S. election could impact renewables and electric vehicles

Policy matters: U.S. election could impact...

The outcome of the presidential election could have important implications for U.S....

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division

August 2024 / MARKETS & ECONOMY

Why U.S. fiscal policy will matter even more after the election

Why U.S. fiscal policy will matter even more...

The next U.S. president faces a significant fiscal cliff in his or her first 12 months...

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division

August 2024 / MULTI-ASSET

How do U.S. elections affect stock market performance?

How do U.S. elections affect stock market...

It’s the economy that matters for U.S. presidential elections and stocks.

By Thomas Poullaouec & Nathan Wang

August 2024 / EQUITY

Assessing the potential impacts on U.S. health care in an election year

Assessing the potential impacts on U.S. health...

The potential impact and implications for U.S. health care could differ greatly depending...

By Jill Jortner

Jill Jortner Health Care Sector Investment Analyst, T. Rowe Price

August 2024 / MULTI-ASSET

The Psychology of Leadership in Investment Management

The Psychology of Leadership in Investment...

Five ways to become an effective leader in money management

By Sebastien Page

Sebastien Page Head of Multi-Asset & CIO

August 2024 / MULTI-ASSET

Manic market not a reason for investors to panic

Manic market not a reason for investors to...

Recent market volatility appears to reflect extreme risk-on sentiment and positioning

By Sebastien Page

Sebastien Page CIO and Head of Global Multi‑Asset

July 2024 / EQUITY

Q2 Global Equity Market Wrap and Portfolio Positioning

Q2 Global Equity Market Wrap and Portfolio...

Yellow flags on the horizon, whether it be politically, geopolitically or economically

By Samuel P. Ruiz

Samuel P. Ruiz Equity Portfolio Specialist

July 2024 / EQUITY

Can GLP-1s and the medtech industry find a peaceful coexistence?

Can GLP-1s and the medtech industry find...

The success of GLP-1s in reducing weight has led some to predict industry-disruptive...

By Taymour Tamaddon

Taymour Tamaddon Portfolio Manager, US Large Cap Growth Equity Strategy

July 2024 / MULTI-ASSET

Special Topic: Can the Fed cut rates with financial conditions this loo...

Special Topic: Can the Fed cut rates with financial conditions this loose?

Special Topic: Can the Fed cut rates with...

The Fed appears ready to cut interest rates despite loose financial conditions.

By Sebastien Page

Sebastien Page CIO and Head of Global Multi-Asset

July 2024 / EQUITY

Artificial intelligence, health care, and energy transition: Three area...

Artificial intelligence, health care, and energy transition: Three areas...

Artificial intelligence, health care, and...

How innovations in artificial intelligence, health care, and the energy transition...

By Hari Balkrishna

Hari Balkrishna Portfolio Manager, Global Impact Equity Strategy

July 2024 / MULTI-ASSET

Could the Volatility Index (VIX) be broken?

The VIX has recently displayed a more subdued reaction to market sell-offs than expected....

By Rory Boath

Rory Boath Associate Execution Strategist

July 2024 / EQUITY

Finding the key to unlocking a US$200 billion opportunity

Finding the key to unlocking a US$200 billion...

Company research tour: Eli Lilly

By Nabil Hanano & Jeffrey Holford

July 2024 / MULTI-ASSET

The inflation roller coaster

Diverging trends in goods and services prices complicate the inflation outlook

By Tim Murray

Tim Murray Capital Markets Strategist, Multi-Asset Division

July 2024 / FIXED INCOME

Ahead of the Curve - “Shadow banking system” creates a trickier path...

Ahead of the Curve - “Shadow banking system” creates a trickier path for...

Ahead of the Curve - “Shadow banking system”...

Rise in nonbank lending drives banks to shift risk exposure

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

Q2 2024 Show

June 2024 / EQUITY

Market concentration: Facts versus opinions

Market concentration in U.S. and technology stocks a concern for clients

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equities

June 2024 / MULTI-ASSET

A new era for commodities?

We may be on the cusp of another period of strong commodity returns

By Tim Murray

Tim Murray Capital Markets Strategist, Multi-Asset Division

June 2024 / EQUITY

Two Questions on U.S. Equities with…Julian Cook

Two Questions on U.S. Equities with…Julian...

Portfolio Specialist Julian Cook discusses his outlook and expectations for U.S....

By Julian Cook

Julian Cook Portfolio Specialist

June 2024 / EQUITY

China’s economy enters a new cycle—unveiling fresh opportunities

China’s economy enters a new cycle—unveiling...

China’s economy has undergone a deep structural adjustment

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

June 2024 / FIXED INCOME

Credit investing for today’s evolving markets

Headwinds call for choosing credit solutions with rigorous research

By Ken Orchard

Ken Orchard Head of International Fixed Income

June 2024 / EQUITY

Growing pains and opportunity: Analyzing what's next in the AI boom

Growing pains and opportunity: Analyzing...

David Giroux explains why AI is likely to be deflationary over time and why he likes...

By David Giroux

David Giroux Portfolio Manager and Chief Investment Officer

June 2024 / GLOBAL MARKET OUTLOOK

Are the central banks keeping you up?

2024 Global Market Outlook Midyear Update

May 2024 / FIXED INCOME

Perspectives on Securitized Credit

The securitized credit rally that began in late 2023 accelerated in early 2024 despite...

By Christopher Brown, Ramon de Castro & Jean-Marc Breaux

May 2024 / EQUITY

GLP-1s: Changing the way we live

By Peter Bates

Peter Bates Portfolio Manager

May 2024 / MULTI-ASSET

The hottest debate in asset allocation: Value vs. growth stocks

The hottest debate in asset allocation: Value...

Macro, fundamental, and sentiment catalysts support the valuation case.

By Sebastien Page

Sebastien Page CIO and Head of Global Multi-Asset

May 2024 / EQUITY

AI: Ordering takeaway from a robot named Karen

AI: Ordering takeaway from a robot named...

By Peter Bates

Peter Bates Portfolio Manager

May 2024 / FIXED INCOME

Opportunities in fixed income for investors moving out of cash

Opportunities in fixed income for investors...

Income and growth attributes can help investors put cash to work

By Ken Orchard

Ken Orchard Head of International Fixed Income

May 2024 / FIXED INCOME

Ahead of the Curve - Three Fed scenarios, same result: higher yields,...

Ahead of the Curve - Three Fed scenarios, same result: higher yields, steeper...

Ahead of the Curve - Three Fed scenarios,...

Ignore the noise. Very little has actually changed

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

May 2024 / EQUITY

The quality factor: Its impact, foundation, and evolution

The quality factor: Its impact, foundation,...

Secular components have become an important part of quality investing

By Laurence Taylor & Adam Karp

May 2024 / EQUITY

Global Equity Market Wrap and Portfolio Positioning

Global Equity Market Wrap and Portfolio Positionin...

Key drivers of markets: AI, Vietnam and Energy

By Samuel P. Ruiz

Samuel P. Ruiz Equity Portfolio Specialist

May 2024 / MARKETS & ECONOMY

What factors are driving U.S. exceptionalism, and will they last?

What factors are driving U.S. exceptionalism,...

U.S. economic growth has outperformed other developed markets, and inflation has...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

May 2024 / FIXED INCOME

The benefits of hedged diversification

Non-U.S. bonds currently offer higher yields on a currency-hedged basis

By Tim Murray

Tim Murray Capital Markets Strategist, Multi-Asset Division

May 2024 / EQUITY

Fund in Focus – How to invest with no excuses with Peter Bates

Fund in Focus – How to invest with no excuses...

By Peter Bates

Peter Bates Portfolio Manager

May 2024 / EQUITY

Game-changing investment ideas with Peter Bates

Game-changing investment ideas with Peter...

By Peter Bates

Peter Bates Portfolio Manager

May 2024 / FIXED INCOME

No green without blue: How blue bonds could support climate goals

No green without blue: How blue bonds could...

Earth’s oceans capture the majority of the global CO2 produced by humans.

By Willem Visser & Tongai Kunorubwe

May 2024 / ASSET ALLOCATION

Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

By Sebastien Page

Sebastien Page Head of Global Multi-Asset and CIO

April 2024 / EQUITY

What are your key takeaways from recent investment trips?

What are your key takeaways from recent investment...

Three key conclusions after meeting more than 50 different technology companies across...

By Dom Rizzo

Dom Rizzo Portfolio Manager

April 2024 / EQUITY

Outside of AI, what other areas of technology interest you today?

Outside of AI, what other areas of technology...

Two opportunities in technology outside of AI that Dom Rizzo is particularly excited...

By Dom Rizzo

Dom Rizzo Portfolio Manager

April 2024 / EQUITY

What is your view on current valuations in technology?

What is your view on current valuations in...

A look back through history and why Dom Rizzo thinks most of the technology universe...

By Dom Rizzo

Dom Rizzo Portfolio Manager

April 2024 / ASSET ALLOCATION

Momentum: Don’t fear the reapers (of high profit)

Momentum: Don’t fear the reapers (of high...

History shows that momentum-driven markets don’t necessarily lead to market downturns

By Sebastien Page

Sebastien Page Head of Global Multi-Asset and CIO

April 2024 / EQUITY

Navigating the AI cycle

After meeting with more than 50 technology companies across the US, Asia and Europe,...

By Dom Rizzo

Dom Rizzo Portfolio Manager

April 2024 / EQUITY

Where are we in the AI cycle?

Navigating the AI cycle and the reasons why Dom Rizzo thinks we remain relatively...

By Dom Rizzo

Dom Rizzo Portfolio Manager

April 2024 / GLOBAL EQUITIES

Fostering Change with Impact Investing

Pursuing social and environmental impact alongside financial returns

By Hari Balkrishna, Matt Lawton & David Rowlett

April 2024 / FIXED INCOME

Adding emerging market debt exposure? Look to local bonds.

Adding emerging market debt exposure? Look...

Five reasons to add emerging market debt to a bond portfolio

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

April 2024 / GLOBAL EQUITIES

How Impact Investing Can Help Address ESG Skepticism

How Impact Investing Can Help Address ESG...

Using measurement and engagement to tackle ESG fractures head-on

By Hari Balkrishna

Hari Balkrishna Portfolio Manager, Global Impact Equity Strategy

April 2024 / INVESTMENT INSIGHTS

Hedging inflation risk

Recession fears are fading, but inflation concerns are on the rise.

By Tim Murray

Tim Murray Capital Markets Strategist Multi-Asset Division

April 2024 / INVESTMENT INSIGHTS

Vietnam: Asia’s next frontier tiger

Tailwinds are gathering to support another major leap

By Johannes Loefstrand & Eric Veiel

April 2024 / ENVIRONMENTAL, SOCIAL, AND GOVERNANCE

For or against? The year in shareholder resolutions—2023

For or against? The year in shareholder resolution...

With environmental and social proposals in the spotlight, case‑by‑case insights were...

By Donna Anderson & Jocelyn Brown

April 2024 / INVESTMENT INSIGHTS

With rising headwinds, uncover the power of quality credit research

With rising headwinds, uncover the power...

Corporate bonds offer attractive income, but security selection is imperative amid...

By Justin Gerbereux

Justin Gerbereux Head of Global Fixed Income Research

Q1 2024 Show

March 2024 / INVESTMENT INSIGHTS

Meet the Manager

Global Select Equity Strategy Portfolio Manager Peter Bates discusses his background...

By Peter Bates

Peter Bates Portfolio Manager, Global Select Equity Strategy

March 2024 / INVESTMENT INSIGHTS

Three-year anniversary reflections: A tumultuous market unveils Global...

Three-year anniversary reflections: A tumultuous...

Style balance helped Portfolio Manager Peter Bates In a Tumultuous Market.

By Peter Bates

Peter Bates Portfolio Manager, Global Select Equity Strategy

March 2024 / IMPACT INVESTING

Meet Hari Balkrishna

Hari believes investors are ready to make a more active choice to favor companies...

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

March 2024 / GLOBAL FIXED INCOME

Current market inflation expectations are ridiculous

Current market inflation expectations are...

I think core inflation will reaccelerate after falling to around 2%

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

March 2024 / INVESTMENT INSIGHTS

A decade-long adventure navigating treacherous markets successfully

A decade-long adventure navigating treacherous...

The Dynamic Global Bond Strategy celebrates its 10-year anniversary this month since...

By Scott Solomon & Quentin Fitzsimmons

March 2024 / EQUITY

China’s National People’s Congress: Key points

NPC announcements in line with expectations.

By Robert Secker

Robert Secker Portfolio Specialist, Equity Investment Specialists

March 2024 / VIDEO

Ausbiz: Opportunities within AI and healthcare beyond well-known megaca...

Ausbiz: Opportunities within AI and healthcare beyond well-known megacaps

Ausbiz: Opportunities within AI and healthcare...

By Samuel P. Ruiz

Samuel P. Ruiz Portfolio Specialist

March 2024 / INVESTMENT INSIGHTS

Investment implications of generative artificial intelligence

Investment implications of generative artificial...

Reasons why investors should embrace AI as a long-term investment theme.

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist Global Equity

March 2024 / MULTI-ASSET INSIGHTS

A closer look at the diversification potential of private assets

A closer look at the diversification potential...

Private assets can enhance multi-asset portfolios. However, careful risk analysis...

By Robert Panariello, Som Priestley & Fahad Siddiqui

March 2024 / GLOBAL EQUITIES

Global Earnings: Q4 Results Overview

What next for global equities

By Rahul Ghosh

Rahul Ghosh Portfolio Specialist, Global Equity Strategies

February 2024 / INVESTMENT INSIGHTS

A Clear Path to Global High Yield

Today’s yields have rarely been observed over the last ten years

By Michael Della Vedova & Joran Laird

26 February 2024 / INVESTMENT INSIGHTS

Conditions are ripe for a Goldilocks economy, but dangers lurk

Conditions are ripe for a Goldilocks economy,...

Conditions are ripe for a moderate growth recovery, but political risks pose a threat

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

February 2024 / INVESTMENT INSIGHTS

Central bank rate-cut pricing is eye-catching but deceiving

Central bank rate-cut pricing is eye-catching...

The large number of priced-in 2024 rate cuts is an average of expectations across...

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

February 2024 / INVESTMENT INSIGHTS

After the Fed pivot, what’s next?

With cooling expectations, investors wonder when and how far U.S. rates will fall...

By Tim Murray

Tim Murray Capital Markets Strategist Multi-Asset Division

February 2024 / INVESTMENT INSIGHTS

Emerging markets poised for a year of interest rate cuts

Emerging markets poised for a year of interest...

Inflation continues to fall, paving the way for more interest rate cuts from emerging...

By Chris Kushlis

Chris Kushlis Chief of China and Emerging Markets Macro Strategy

February 2024 / GLOBAL EQUITIES

New diabetes and obesity drugs show promise for patients and investors

New diabetes and obesity drugs show promise...

GLP-1 treatments are poised to reshape the health care sector

By Nabil Hanano & Jeffrey Holford

February 2024 / VIDEO

Three key themes in emerging markets for 2024

Three key themes in emerging markets for...

Emerging markets are poised for a year of interest rate cuts in 2024.

By Chris Kushlis

Chris Kushlis Chief Emerging Markets Macro Strategy

January 2024 / INVESTMENT INSIGHTS

Putting cash to work in 2024

We explore three possible scenarios as US interest rates peak

By Christina Noonan, CFA, Som Priestley & Doug Spratley

January 2024 / INVESTMENT INSIGHTS

Attractive yields but narrow spreads: The credit dilemma

Attractive yields but narrow spreads: The...

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

January 2024 / VIDEO

Global Equity Markets Update with Sam Ruiz

The Magnificent 7 significantly outpaced other stocks in 2023, Sam Ruiz, Equity Portfolio...

By Samuel P. Ruiz

Samuel P. Ruiz Portfolio Specialist

January 2024 / INVESTMENT INSIGHTS

Investing in China means embracing discomfort

Investing in China means embracing discomfort...

Sentiment toward China is weak, but opportunities exist for investors who seek them

By Justin Thomson

Justin Thomson Chief Investment Officer International Equity

January 2024 / INVESTMENT INSIGHTS

Is Now the Time to Redeploy Cash?

Historical performance of federal funds interest rate cycle peaks could help investors...

By Terry Davis & Andrew Wick

January 2024 / INVESTMENT INSIGHTS

Is the market broadening?

Will small-caps eventually “show up” for investors?

By Sebastien Page

Sebastien Page Head of Global Multi-Asset and CIO

January 2024 / INVESTMENT INSIGHTS

Three important insights from 2023

A focus on bond yields, the Magnificent 7, and the Fed pivot

By Tim Murray

Tim Murray Capital Markets Strategist, Multi-Asset Division

January 2024 / GLOBAL MARKET OUTLOOK

How we're capitalising on a big chunk of change

How we're capitalising on a big chunk of...

2024 Global Market Outlook Infographic

Q4 2023 Show

December 2023 / WEBINAR

2024 Global Market Outlook Webinar

Recession risk. Tightening credit. Mixed economic signals.

By Arif Husain, Sebastien Page & Justin Thomson

December 2023 / GLOBAL MARKET OUTLOOK

China: Time to revisit an unloved asset class

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

December 2023 / GLOBAL MARKET OUTLOOK

Australia Market Outlook: Challenges But Also Opportunities

Australia Market Outlook: Challenges But...

By Randal Jenneke

Randal Jenneke Head of Australian Equity at T. Rowe Price

December 2023 / GLOBAL MARKET OUTLOOK

Broadening Equity Horizons

By Arif Husain, Sebastien Page & Justin Thomson

December 2023 / GLOBAL MARKET OUTLOOK

Navigating Macroeconomic Fog

By Arif Husain, Sebastien Page & Justin Thomson

December 2023 / GLOBAL MARKET OUTLOOK

Rethinking Fixed Income

By Arif Husain, Sebastien Page & Justin Thomson

December 2023 / GLOBAL MARKET OUTLOOK

2024 Global Market Outlook

Tectonic shifts create new opportunities

By Arif Husain, Sebastien Page & Justin Thomson

December 2023 / GLOBAL MARKET OUTLOOK

Europe must tread a fine line to avoid stagnation

By Tomasz Wieladek

Tomasz Wieladek T.Rowe Price Chief European Economist

December 2023 / VIDEO

2024 Global Market Outlook Summary video with Ritu Vohora

2024 Global Market Outlook Summary video...

By Ritu Vohora

Ritu Vohora Investment Specialist, Capital Markets

December 2023 / VIDEO

Artificial Intelligence: The New Electricity?

AI has the potential to be the biggest productivity enhancer to the global economy...

By Dom Rizzo

Dom Rizzo Portfolio Manager, Global Technology Equity

December 2023 / INVESTMENT INSIGHTS

Blue Bonds: A Growing Resource for Sustainability Financing

Blue Bonds: A Growing Resource for Sustainability...

Blue bonds provide financing for ocean-friendly or clean water projects in support...

By Matt Lawton & Tongai Kunorubwe

November 2023 / INVESTMENT INSIGHTS

Integrating ESG Preferences in Asset Allocation

Optimizing with an added ESG risk constraint.

By Wenting Shen & Nathan Wang

November 2023 / INVESTMENT INSIGHTS

As climate risks intensify, investment analysis must rise to the challe...

As climate risks intensify, investment analysis must rise to the challenge

As climate risks intensify, investment analysis...

Addressing the challenge of integrating climate change dynamics into investment decision-m...

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing, TRPA

November 2023 / GLOBAL FIXED INCOME

Avoiding false signals in wait for peak U.S. Treasury yields

Avoiding false signals in wait for peak U.S....

A framework can be useful for evaluating whether U.S. Treasury yields have peaked.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

November 2023 / GLOBAL FIXED INCOME

Meet the Managers - Scott Solomon & Quentin Fitzsimmons

Meet the Managers - Scott Solomon & Quentin...

By Scott Solomon & Quentin Fitzsimmons

November 2023 / GLOBAL FIXED INCOME

Ausbiz: Markets might be a bit too exuberant

By Scott Solomon

Scott Solomon Portfolio Manager

November 2023 / GLOBAL FIXED INCOME

High Yield Bond Market Changes Provide Support

Transformations have bolstered high yield for a modest downturn.

By Paul Massaro, Rodney Rayburn & Jason Bauer

October 2023 / MULTI-ASSET INSIGHTS

The View from the Knife's Edge: A New Market Regime

The View from the Knife's Edge: A New Market...

A new market regime isn’t necessarily a reason to be bearish.

By Sebastien Page

Sebastien Page Head of Global Multi-Asset and CIO

October 2023 / IMPACT INVESTING

The Need to Make an Impact Is Greater Than Ever

The Need to Make an Impact Is Greater Than...

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

October 2023 / IMPACT INVESTING

Circular Economy and Waste Reduction

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

October 2023 / VIDEO

Ausbiz: Switching from offence to defence

By Samuel P. Ruiz

Samuel P. Ruiz Portfolio Specialist

October 2023 / VIDEO

Implications for Bonds in Energy Cycle Transitions

Our credit analysts collaborate to help obtain a fuller picture of the credit environment...

By Justin Gerbereux, Elliot Shue, CFA & Mike Hyland

October 2023 / INVESTMENT INSIGHTS

The Case for High Yield

Improved credit quality and attractive yields support the asset class.

By Jason Bauer, Paul Massaro & Rodney Rayburn

October 2023 / VIDEO

The Inflation Battle May Not Be Over

Timothy C. Murray, Capital Markets Strategist

By Tim Murray

Tim Murray Capital Markets Strategist

October 2023 / ECONOMICS

The Impact of the Israel-Hamas War on Oil Prices

The Impact of the Israel-Hamas War on Oil...

Amid near-term pressures, secular drivers will likely remain intact.

By Shinwoo Kim & Jacqueline H. Fortner

October 2023 / MULTI-ASSET

The Inflation Battle May Not Be Over

An uptick in some prices could mean higher rates for longer

By Tim Murray

Tim Murray Capital Markets Strategist, Multi-Asset Division

October 2023 / VIDEO

Two Key Risks Facing Consumer Spending, the Engine of the US Economy

Two Key Risks Facing Consumer Spending, the...

Consumer fundamentals seem to be weakening from a strong position

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

October 2023 / GLOBAL FIXED INCOME

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure...

A flood of new global sovereign debt will affect market dynamics.

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

October 2023 / ECONOMICS

Why the “High for Longer” Narrative Is Flawed

Central banks will likely ease sooner than expected

By Nikolaj Schmidt

Nikolaj Schmidt Chief International Economist

October 2023 / ENVIRONMENTAL, SOCIAL, AND GOVERNANCE

Counting the Cost of Biodiversity Loss

Addressing the challenge of integrating biodiversity into investment analysis

By Tongai Kunorubwe

Tongai Kunorubwe TRPA Head of ESG, Fixed Income

October 2023 / INVESTMENT INSIGHTS

Keeping Pace With the Energy Transition

Energy transition has broad economic, political, and investment implications

By Maria Elena Drew

Maria Elena Drew Director of Research, Responsible Investing, T. Rowe Price Associates, Inc.

Q3 2023 Show

September 2023 / U.S. FIXED INCOME

The Case for a Strategic Allocation to High Yield Bonds

The Case for a Strategic Allocation to High Yield ...

Hybrid characteristics provide attractive risk/reward profile.

By Kevin Loome & Ashley Wiersma

September 2023 / ECONOMICS

A Government Shutdown Would Pose a Small Threat to Markets

A Government Shutdown Would Pose a Small...

Theatrics aside, a budget agreement seems likely in the near term.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, US Equity Division

September 2023 / MARKETS & ECONOMY

Central Banks Should Be Wary of Quantitative Overtightening

Central Banks Should Be Wary of Quantitative...

They may not fully understand its impact.

By Tomasz Wieladek

Tomasz Wieladek Chief European Economist

September 2023 / MARKETS & ECONOMY

The Resilient Engine of the US Economy Could Stall

The Resilient Engine of the US Economy Could...

Consumer fundamentals seem to be weakening from a strong position

By Blerina Uruçi

Blerina Uruçi US Economist

September 2023 / IMPACT INVESTING

Narrowing the Health Care Gap

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

September 2023 / GLOBAL FIXED INCOME

The Fairy Tale of a Soft Landing

The consensus view shift toward a mild downturn looks misplaced.

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

September 2023 / INVESTMENT INSIGHTS

Emerging Markets—Dancing to Their Own Beat

Central banks set to kick off easing cycles as inflation cools.

By Chris Kushlis

Chris Kushlis Chief of China and Emerging Markets Macro Strategy

September 2023 / VIDEO

China Deleveraging, Defaults, Deflation - Capitalizing on opportunities...

China Deleveraging, Defaults, Deflation -...

September 2023 / INVESTMENT INSIGHTS

Using Artificial Intelligence to Enhance Our Investment Processes

Using Artificial Intelligence to Enhance...

Driving deliberate innovation with artificial intelligence tools to boost human decision-m...

By Robert W. Sharps

Robert W. Sharps Chief Executive Officer and President

September 2023 / INVESTMENT INSIGHTS

A Surprising Rise in US Treasury Yields

Rate volatility is likely to persist as Fed pursues 2% inflation target

By Christina Noonan, CFA

Christina Noonan, CFA Associate Portfolio Manager, Multi‑Asset Division

September 2023 / MARKET EVENTS

Regional Banks Stabilize, Yet Pressures Remain

Regulatory changes will do little to solve higher cost of funding.

By Matt Snowling & Pranay Subedi

September 2023 / VIDEO

Can Impact Investing Tackle ESG Fractures?

By Hari Balkrishna

Hari Balkrishna Portfolio Manager, Global Impact Equity Strategy

September 2023 / U.S. GOVERNMENT POLICY

Regulating the AI Revolution: What Investors Need to Know

Regulating the AI Revolution: What Investors...

Competition with China and consumer safety are key themes.

By Gilad Fortgang

Gilad Fortgang Washington Associate Analyst, U.S. Equity Division

September 2023 / VIDEO

Big Data and AI: Risk and Opportunity in Infrastructure Software

Big Data and AI: Risk and Opportunity in...

As AI automates more processes, the volume, variety, and speed of data should increase....

By Sam Johnson

Sam Johnson Infrastructure Software Analyst, U.S. Equity Division

September 2023 / FIXED INCOME

Chinese Economic Weakness Elevating Investor Concerns

Chinese Economic Weakness Elevating Investor...

Despite weakness, China’s core financial system seems insulated.

By Samy Muaddi, Chris Kushlis & Michael Summers

August 2023 / ESG

Prepare for the Sustainability Capital Wave

It could rival the Industrial Revolution in scale.

By Justin Thomson & Christopher Vost, CFA

August 2023 / MARKETS & ECONOMY

China’s Economy Faces Renewed Pressures

Property sector weakness weighing on confidence.

August 2023 / ESG

2023 TRPIM Proxy Voting Summary

Key trends in T. Rowe Price Investment Management’s proxy voting activity over the...

By Christopher Whitehouse

Christopher Whitehouse Head of ESG, T. Rowe Price Investment Management

August 2023 / ESG

2023 Proxy Voting Summary

Key trends in T. Rowe Price’s proxy voting activity over the past year.

By Donna Anderson & Jocelyn Brown

August 2023 / MULTI-ASSET

Inflation Globalization

Understanding the drivers of domestic and global inflation.

By Multiple Authors

August 2023 / VIDEO

Leaning Into Real Assets

Attractive valuations and improving fundamentals may boost commodities.

By Tim Murray

Tim Murray Capital Markets Strategist

August 2023 / MULTI-ASSET

Keep Long and Carry On

High yield bonds paired with long-term Treasuries offer attractive carry.

By Sebastien Page

Sebastien Page Head of Global Multi-Asset and Chief Investment Officer

August 2023 / VIDEO

A new era of Gulf aid: potential winners and losers

A new era of Gulf aid: potential winners...

A new era of Gulf aid could emerge—which countries could potentially benefit, and...

By Razan Nasser

Razan Nasser Sovereign Research Analyst, Fixed Income

August 2023 / ASSET ALLOCATION

Leaning Into Real Assets

Attractive valuations and improving fundamentals may boost commodities.

By Tim Murray

Tim Murray Capital Markets Strategist Multi‑Asset Division

August 2023 / GLOBAL FIXED INCOME

The Four US Treasury Yield Phases of a Fed Tightening Cycle

The Four US Treasury Yield Phases of a Fed...

Portfolio managers collaborate to help shape duration positioning

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

July 2023 / VIDEO

The importance of public markets for impact investing

The importance of public markets for impact...

By Hari Balkrishna

Hari Balkrishna Portfolio Manager

July 2023 / INVESTMENT INSIGHTS

From Crisis to Confidence: Spanish Banks Ready to Shine

From Crisis to Confidence: Spanish Banks...

Lessons from the Global Financial Crisis have left a stronger banking sector in Europe,...

By Rob Thomas

Rob Thomas Credit Analyst

July 2023 / VIDEO

Global Equity Markets Update with Sam Ruiz

The magnificent seven continue to drive markets

July 2023 / IMPACT INVESTING

How Impact Investing Can Help Address ESG Skepticism

How Impact Investing Can Help Address ESG...

Using measurement and engagement to tackle ESG fractures head-on

By Hari Balkrishna

Hari Balkrishna Portfolio Manager, Global Impact Equity Strategy

July 2023 / INVESTMENT INSIGHTS

A New Fixed Income Regime—Three Active Portfolio Responses

A New Fixed Income Regime—Three Active Portfolio...

What to expect as monetary policy tightening moves closer to ending.

By Scott Solomon & Quentin Fitzsimmons

July 2023 / INVESTMENT INSIGHTS

Where Now for Global Equity Markets?

Five forces defining the equity cycle.

By Scott Berg

Scott Berg Portfolio Manager, Global Growth Equity Strategy

July 2023 / ASSET ALLOCATION VIEWPOINT

U.S. Equities Are Back in Favor

Earnings outlook for U.S. companies is trending positive.

By Tim Murray

Tim Murray Capital Markets Strategist, Multi‑Asset Division

July 2023 / GLOBAL FIXED INCOME

Central Banks Step Into Potential Policy Error Territory

Central Banks Step Into Potential Policy...

Hawkish stances risk overtightening and causing recession.

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO