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Managing to the Other Side

Four themes driving our Midyear Market Outlook.

Robert W. Sharps, Head of Investments; Justin Thomson, Chief Investment Officer, International Equities; Mark J. Vaselkiv, Chief Investment Officer, F
T. Rowe Price,  June 2020

Key Insights

  • The sustainability of rallies in equity and credit markets will depend on the trajectory of the coronavirus and the strength of the economic recovery.
  • The pandemic appears to have accelerated the growth and market power of the major technology platform companies by at least several years.
  • Corporate credit is likely to offer the most attractive opportunities to fixed income investors, but wide dispersion requires selectivity.
  • We believe the pandemic could exacerbate political risks in some countries and prompt a major reassessment of corporate finances and supply chains.

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