The fourth-quarter holiday seasons have expanded to unacceptable lengths. I noticed Halloween candy for sale in August, Thanksgiving cards out in September, and Christmas decorations on the shelves…virtually year-round. I realize the commercial aspects of these occasions have taken on
Investors rode a veritable roller coaster during the quarter, navigating the hills and valleys of global monetary policy, growing geopolitical risk and quickly shifting sands of trade. Most notably, the sharp and steep upward lurch in global bond prices presented
Argentina and the IMF: A Bad Case of Déjà Vu Congressional Distractions Will Limit U.S. Economic Policy Capital Flows Get Drawn Into the Trade War
During its discussions this month, the investment strategy team spent considerable time debating the outlook for Federal Reserve policy and the path forward for the U.S.- China trade dispute, including its impact on the global growth outlook. Despite the considerable
The Digital Divide Is About To Get Wider The Case of the Missing Reserves Japan Tries To Raise Taxes
Recent strong risk asset returns, paired with sharply lower global interest rates, represent an atypical investing environment. Investors have been working through a mash- up of slowing growth, muted inflation and easier monetary/regulatory policy — all wrapped in rising political
The Federal Open Market Committee (FOMC) meets next week, and it will be a highly anticipated gathering. Futures markets and Fed watchers are certain of a rate cut, but the path of the Fed Funds rate thereafter is a subject
Style factors have been shown to historically deliver superior risk-adjusted returns than passive capitalization weighted indexes and more persistent performance than traditional active management, making them a compelling alternative for investors. The benefits of style factors come with the cost
Recent strong risk asset returns, paired with sharply lower global interest rates, represent an atypical investing backdrop. Financial markets have been working through a mash-up of slowing growth, muted inflation and easier monetary/ regulatory policy – all wrapped in rising
Labor Day weekend marked the functional end of a long, hot summer; the season ahead might be a little cooler for U.S. consumers and businesses. The U.S. administration stepped up tariffs on over $100 billion of Chinese imports of various
Global equities began last week on poor footing following weak manufacturing data and more tariffs including the U.S. implementing 15% tariffs on about $125 billion of Chinese goods and China issuing 5%-10% tariffs on some U.S. imports including crude oil
The U.S. yield curve inverted last Tuesday, raising worries of recession, while the trade war escalates this week as China and the U.S. exchange taris. Despite increased concerns on the U.S. yield curve, global equities gained 2.0% last week with
Global trade tensions are taking their toll, leaving Europe struggling for solutions. The city of Biarritz is part of the pays de Basque, which spans southwestern France and north-central Spain. The Basques’ unique cultural identity has often led to separatist
If nding alpha for your portfolio continues to be a mystery, you may be looking in the wrong place. As evidenced by their high fees, stock pickers still are coveted in investing. Conventional wisdom attributes much of alpha to the
Point of View As evidenced by their high fees, stock pickers still are coveted in investing. Conventional wisdom attributes much of alpha to the skill of investment managers finding the best businesses at the right price. However, the mysteries of
“Politicians use statistics in the same way that a drunk uses lamp posts—for support rather than illumination.” As Scottish poet Andrew Lang reminds us, statistics should be read critically. The assembly of economic results is constrained by data limitations, distorted
The U.S./China Trade Conflict. On this front, we have been assuming provocation would eventually give way to negotiation. The issues between the two countries are numerous and complicated, but we have been assuming that economic and political forces would lead
A Long, Hot Summer The trade truce between China and the United States was short-lived. In a flurry of economic news following a fruitless negotiation round, the United States threatened new tariffs on all imports from China; China cancelled U.S.
Your charitable giving has allowed you to make a lasting imprint on society, your community and the world. Now you would like your children and grandchildren to become involved in charitable giving. Including younger family members in your philanthropic activities
Using Quality And Esg To Potentially Enhance Returns By integrating environmental, social and governance (ESG) factors into their portfolios, investors are increasingly recognizing they can go beyond conventional financial criteria and invest in companies whose emphasis on corporate citizenship matches
Style factors have been shown to historically deliver superior risk-adjusted returns than passive capitalization weighted indexes and more persistent performance than traditional active management, making them a compelling alternative for investors. The benefits of style factors come with the cost
The New York Fed clarified comments by leader John Williams, causing a dramatic swing in expectations for a July Fed rate cut of 0.50%. The European Central Bank may provide easing details on Thursday. U.S.-Iran tensions and U.S. President Donald
Bumpy Road Ahead For The U.S. Auto Industry Germany’s Motor Is Sputtering Chinese Auto Sales Are Stuck in Reverse
Equity factors were born from thinking that challenged the basics of modern finance. by Head of Quantitative Strategies Michael Hunstad, Ph.D., and Quantitative Research Analyst Rob Lehnherr, CFA A select group of equity factors — value, small size, momentum, low
#Bonds – Losing my Religion -> https://t.co/sv0ec7JDnR #fixedincome #governmentbonds #highyield #emergingmarketdebt via @Investec
Varps Remains Compelling -> https://t.co/X9Ij0XLVpQ #EmergingMarkets #frontiermarkets via @GAMinsights
Varps Remains Compelling -> https://t.co/X9Ij0XLVpQ #VARPS #EmergingMarkets #Equities via @GAMinsights
The SRI Chronicles -> https://t.co/Fvk5LpkOvX #SRI #ESG #UNPRI #ClimateCrisis via @EdeRothschild
With diverging credit and domestic demand trends in China, our expert #Anthony_Chan identifies the two main factors to watch. Read on.
The Everything Rally
👤Northern Trust 🕔11:05, 17.jul 2019Quarterly Market Commentary One word to describe the second quarter? Up. Rallies across global risk assets and global bond markets during the second quarter pierced some important levels, effectively erasing the 2018 drawdown completely and bringing interest rates down significantly
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