Investment Perspective The short-term drivers of market performance are not always clear, but an improving outlook toward economic growth seems to be a clear contributor to the recent rally in equities. At the same time, a rapidly slowing manufacturing sector
After a gap of three years, my work calendar finally permitted me to celebrate the festival of Diwali with my parents and relatives. We have a pretty big family, with a few younger members. Among them is my six-year-old nephew,
Global Economic Outlook After several quarters of gridlock, it would appear progress is finally being made on key issues clouding the global economic outlook. The U.S. and China are inching closer to signing “phase one” of a trade deal by
Northern Trust Global Asset Allocation Investment Perspective / October 2019 In addition to assessing the severity of the global economic slowdown, markets are wrestling with the U.S./China trade war, Brexit and the 2020 U.S. presidential election. The rising poll numbers
Every year, Northern Trust’s Capital Market Assumptions Working Group develops forward- looking, historically aware forecasts for global economic activity and financial market returns that drive our five-year asset class return expectations and inform our asset allocation decisions. All of this
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
Our conference #UBPInvestmentOutlook had a full house in London last week! Our experts shared their 2020 outlook for the global economy and more specifically for the UK. Thank you all for coming!
Zal zijn laatste woorden aan mij nooit vergeten. Over woorden gesproken: toen ik Volcker de eerste keer ontmoette, was zijn eerste vraag:"Hoe is het met Andre Szász?" Ik had 15 minuten met hem. Het werd 1,5 uur! Er was een klik. RIP
De Asset Allocatie Awards komen er weer aan! Nominaties komen deze week, winnaars op 4 februari 2020... Hier een sfeer inpressie van vorig jaar -> https://t.co/c36HWpyGVx
SAVE THE DATE 4 Februari 2020! #AAA2020 #JubileumEditie https://t.co/RWVaNl0PCk
