Has the market been deFANGed?

Familiar growth names have led during the market’s rise — and its fall. So what may come next?

Time to read: 3 min

Investors have been predicting the end of the current bull market for years, but it’s continued to age well. From 2009 through 2017, the total return of the S&P 500 Index was positive every year.1 And even after a volatile autumn, the index was still in the green for 2018 as November came to a close. But there’s one month left to go in the year, and volatility has recently increased among the FANG stocks (Facebook, Amazon, Netflix and Google/Alphabet2). This has led to investor concerns as these stocks have led the market on the upside and the downside. So is this finally the end of the bull market? I believe the recent FANG underperformance has less to do with the companies themselves, and more to do with the overall macro environment. With no clear case for continued underperformance, I expect these companies to recover from the recent selloff.

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What does market volatility mean for fixed income?

As inflation fears roil the markets, we share our outlook for global bond markets

Time to read: 4 min

Market expectations of inflation have risen in recent days, after signs of wage growth — often seen as a harbinger of inflation — appeared in the January jobs report. We at Invesco Fixed Income believe investor concerns that inflation is finally showing signs of life have helped drive interest rates higher and impacted credit markets, where worries over higher interest rates (and their potential impact on companies) have caused declines in stock markets and other risky assets.1

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