Economic and Market Research
Valuable Insights & Opportunities
The latest research, data, and insights from the investment experts at Key Private Bank.
Key Private Bank Investment Brief
The global spread of COVID-19 has caused significant market movements and uncertainty among investors.
Your investment brief houses our experts' latest analysis and strategies for navigating the turbulence created by the outbreak—keeping you updated on our thinking and how these changes might impact your portfolio.
Key Investment Perspectives: September 2020
In this issue of Key Investment Perspectives, we look into why investors have flocked to growth stocks and examine the most popular narratives and arguments for growth over value.
Key Questions: What’s the Electoral College and What’s at Stake?
The ongoing COVID-19 pandemic and its economic impact, civil unrest and the growing civic divide are all coinciding with this pivotal election. Moreover, not only is the presidency hotly contested, but it also looks increasingly likely that the control of the Senate is in play as well.
Key Questions: Fed Policy Shift: Is the Phillips Curve Dead?
In a landmark policy shift, the Federal Reserve rewrote its dual mandate of achieving maximum employment and stable prices to focus on the US labor market and relax its inflation target.
Key Questions: S&P 500 Reaches a New High—But What Would Lew Say?
In the mid-1990s, as I was cutting my teeth as a buy-side equity analyst, I was dispatched to New York to attend an investment conference titled "The Internet Revolution." The event, held at the New York Hilton Midtown, was the city’s largest hotel with nearly 2,000 rooms and over 150,000 square feet of meeting space.
Key Questions: How Will the Election Affect the Economy?
Higher taxes are not assured, and interest rates are likely to remain low. But changes elsewhere create both risks and opportunities.
Key Investment Perspectives: August 2020
Better virus-related data along with an enhanced understanding of COVID-19 and treatment options contributed to better economic conditions despite the rise in new cases. Virus-related closures have been limited, and unprecedented fiscal and monetary measures are providing much-needed support in the recovery. As a result, a wide range of asset classes produced strong results for the month of July.
Key Questions: How Has Our View on Gold Evolved?
In our Key Questions article, "Is All That Glitters Truly Golden?" last October, we expressed our view that gold does not merit inclusion in a strategic asset class framework. We took that position primarily because, unlike stocks and bonds, gold does not offer a stream of cash flows (e.g., dividends and earnings) one would use to estimate its value.
Key Questions: Will the Presidential Election Be Delayed?
It would not be an exaggeration to say that the United States was in a state of disarray following the Civil War. Economic booms and busts ensued all too frequently due, in large part, to a series of missteps to reunite the nation.
Key Questions: What Does the Future Look Like for Higher Education?
The college experience of the past might never look the same, and the divide between the haves and have-nots may only grow wider as a result.
Key Questions: Will Schools Open and What Happens if They Don’t?
Seventy-seven million. That’s the number of Americans (mostly children) enrolled in school. Of this total, three-quarters attend elementary, middle, and high schools, and 20 million others are enrolled in a college or university.
Key Investment Perspectives: July 2020
Optimism grew as the calendar turned to June: More and more businesses reopened, and new data indicated that the worst of the economic downturn could be in the past. Employment numbers in June were far better than expected, providing support for the belief that the recovery is taking hold.