2 November 2022 Indeed, Brazil's election result was historic. Not only was former President Lula da Silva returned to power (by an unexpectedly narrow margin), but Jair Bolsonaro's defeat was the first by an incumbent since the country returned to democracy. Despite earlier threats to challenge the election outcome, President Bolsonaro and his supporters appear [...]
11 February 2020 Since the election in May, India's GDP growth has decelerated sharply: advancing only 4.5% in Q3 2019 compared to 7.3% in 2018. Does this sharp slowdown in economic activity simply reflect short-term volatility or is something more ominous going on? Identifying the sources of the current weakness will help answer this question. [...]
10 January 2019 Happy New Year! I am back at work for the first time since releasing my blog in mid-December. Did I miss anything??!! In a word, it's been crazy! In September, we published our 2019 Global Strategy Outlook entitled "Turning (Even More) Defensive", in which we warned that the year ahead would be [...]
The March PMI release confirms that the European economy has accelerated since last summer. Stronger growth, low inflatio, and continued monetary accomodation supports the case that European equities will outperform the USA. http://www.tradingeconomics.com/euro-area/manufacturing-pmi