Macron Victory: Stay Overweight Europe For Now

24 April 2017 After the most unpredictable and consequential election in recent French history, Emmanuel Macron and Marion Le Pen have advanced to the second round run-off on May 7.  Even with the field now reduced to two candidates, however, the nation still faces a stark choice, as the candidates represent distinctly different visions about [...]

European Inflation Declines in March

The fall in March CPI inflation is welcome news to the ECB.  The decline indicates that the recent rise in prices was fully the result of higher energy costs.  This news will allow the ECB to remain on hold this year.  Low inflation, a cyclical economic acceleration,  and easy monetary conditions point to higher equity [...]