Macroeconomic Outlook | American Funds

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Macroeconomic Outlook

INVESTMENT INSIGHTS  | 
July 2016
 |  FEATURING Matt Miller , Mark A. Brett & Jens Søndergaard

Brexit’s Fallout: Could a Shock to the System Be a Good Thing?

Capital Group portfolio manager Mark Brett and economist Jens Søndergaard, both based in London, discuss possible implications of the Brexit vote for the U.K., the European Union and investors.

Watch Video (4:57)

MARKET COMMENTARY  | 
March 2016
 |  FEATURING Matt Miller & Andrew H. Dougherty

Expect a Slow-Growth Transition Period for China

China affairs specialist Andrew Dougherty shares his growth outlook for China as it makes the transition from an investment-based economy to a service-based economy.

Watch Video (3:02)

INVESTMENT INSIGHTS  | 
January 2016
 |  FEATURING Kevin G. Clifford & Timothy D. Armour

Opportunities in 2016 Amid Bumpy U.S. Recovery

American Funds portfolio manager Tim Armour discusses his outlook for the U.S. economy and U.S. company growth.

Watch Video (2:08)

INVESTMENT INSIGHTS  | 
December 2015
 |  FEATURING Kevin G. Clifford & John H. Smet

Fed Set to Hike Rates but Stay Lower for Longer

Fixed-income portfolio manager John Smet discusses the economic conditions underlying the Fed’s anticipated interest rate hike and offers a likely trajectory for future increases.

Watch Video (2:34)

MARKET COMMENTARY  |  December 2015

World Markets Review for November 2015

Global stocks produced mixed returns amid investor worries about sluggish economic growth and expectations for higher U.S. interest rates. European equities advanced on the promise of new monetary stimulus measures, however, U.S. stocks were flat and emerging markets retreated. Bonds also declined as Federal Reserve leaders indicated that a rate hike is likely in December. The dollar rose sharply against the euro and the yen.

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INVESTMENT INSIGHTS  | 
November 2015
 |  FEATURING Wesley K.-S. Phoa

Expect Tame Inflation for Foreseeable Future

A portfolio manager offers his outlook for inflation in the U.S., for both the short and long term.

Watch Video (1:38)

MARKET COMMENTARY  |  November 2015

World Markets Review for October 2015

Global stocks rallied as central bank stimulus and rising M&A activity helped offset ongoing concerns about a slowing world economy. Energy and materials stocks led markets higher amid signs of stabilization in commodity markets. Information technology stocks also advanced on better-than-expected earnings from some bellwether companies. Bonds were generally flat, and the U.S. dollar rose against the euro and the yen.

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MARKET COMMENTARY  |  October 2015

World Markets Review for Third Quarter 2015

Global stocks tumbled amid increasingly alarming signs of an economic slowdown in China and uncertainty over U.S. monetary policy. Energy and materials stocks plummeted on worries about declining global demand for commodities. Defensive sectors, including consumer staples and utilities, generally held up better than cyclical stocks. Government bonds rallied and the U.S. dollar slipped against the euro and the yen. 

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INVESTMENT INSIGHTS  | 
September 2015
 |  FEATURING Wesley K.-S. Phoa

What the Fed’s Wait-and-See Mindset Means for Investors

A portfolio manager discusses the Fed’s decision to stand pat on interest rates in the context of the state of the U.S. economy, risks from abroad and implications for long-term investors.

Watch Video (4:01)

MARKET COMMENTARY  |  September 2015

World Markets Review for August 2015

Global stocks plummeted as fears that China’s economy may be weaker than previously expected hit every sector of the markets. Financial and consumer discretionary stocks fell the most, particularly those with high exposure to Asia. Defensive sectors, such as utilities and telecommunication services, fared somewhat better. High-grade bonds were essentially flat amid concerns about rising U.S. interest rates. The dollar lost ground against the euro and the yen. 

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MARKET COMMENTARY  |  August 2015

World Markets Review for July 2015

Global stocks advanced amid improving economic data in the United States and an easing of the Greek debt crisis. Defensive sectors led markets higher as consumer staples, health care and utilities stocks rallied. Emerging markets stocks declined, weighed down by a sharp drop in Chinese shares and falling commodities prices. High-grade bonds gained from a flight-to-safety trade. The U.S. dollar rose against the euro, the yen and most other currencies.

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INVESTMENT INSIGHTS  | 
July 2015
 |  FEATURING Darrell R. Spence & Matt Miller

Bull Market’s Lifespan Comes Down to Fundamentals

An economist shares his view on today’s prolonged U.S. bull market and the conditions that could bring about its conclusion.

Watch Video (1:55)

INVESTMENT INSIGHTS  | 
July 2015
 |  FEATURING Wesley K.-S. Phoa , Gerald Du Manoir & Matt Miller

Europe Showing Signs of Recovery

Two portfolio managers discuss Europe’s progress in the recovery cycle and how currency and valuations shifts have created investment opportunities.

Watch Video (3:54)

INVESTMENT INSIGHTS  | 
July 2015
 |  FEATURING Darrell R. Spence , Wesley K.-S. Phoa & Matt Miller

Fed Weighs Market Jitters as It Ponders Rate Hike Timing

An economist and a portfolio manager discuss the factors the U.S. Federal Reserve may be considering as it decides when to raise interest rates.

Watch Video (3:15)

INVESTMENT INSIGHTS  | 
July 2015
 |  FEATURING Gerald Du Manoir , Wesley K.-S. Phoa & Matt Miller

Opportunities in Oil Companies That Can Weather Price Swings

Two portfolio managers discuss the lead up to the recent drop in oil prices and approaches to identifying investment opportunities in the energy sector in the current climate.

Watch Video (2:54)

INVESTMENT INSIGHTS  | 
July 2015
 |  FEATURING Darrell R. Spence , Gerald Du Manoir & Matt Miller

U.S. Valuations Should Be Judged in Broader Context

An economist and a portfolio manager discuss today’s U.S. valuation in the context of interest rates, prior bear markets and investment strategy.

Watch Video (2:44)

MARKET COMMENTARY  |  July 2015

World Markets Review for Second Quarter 2015

Global stocks produced mixed returns as signs of improving economic growth were offset by fears of rising interest rates and a worsening debt crisis in Greece. Telecommunications stocks proved to be a bright spot, driven higher by M&A activity, while the rate-sensitive utilities sector fell the most. Emerging markets stocks advanced, supported by monetary easing in China. Bonds declined and the dollar slipped 4% against the euro.

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MARKET COMMENTARY  | 
June 2015
 |  FEATURING Darrell R. Spence

U.S. Economy on a Roll

An economist shares his positive outlook for the U.S. economy, given the low debt burden, upswing in housing activity and business investment, and other factors.

Watch Video (1:40)

MARKET COMMENTARY  |  June 2015

World Markets Review for May 2015

Global stocks managed a slight gain as investors reacted to mixed reports about the pace of worldwide economic growth. Technology and health care stocks rallied, while the energy sector continued to feel the impact of volatile oil prices on corporate earnings. Japanese stocks advanced on improving economic data. Emerging markets declined amid fears of higher U.S. interest rates. Bonds declined and the dollar rose against the euro and the yen.

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MARKET COMMENTARY  | 
May 2015
 |  FEATURING Anne Vandenabeele

How Abenomics Can Help Japan

An economist outlines four ways in which Abenomics is designed to help the Japanese economy and assesses the likelihood of long-term success.

Watch Video (3:35)

MARKET COMMENTARY  | 
May 2015
 |  FEATURING Darrell R. Spence

Oil Prices a Boon for U.S. Economy

An economist discusses why he sees the recent drop in oil prices as good news for the U.S. economy, despite widespread macroeconomic weakness overseas.

Watch Video (2:14)


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Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. 

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and not to be comprehensive or to provide advice.