19 September 2018 As analysts return from summer holidays, they tend to extend their earnings forecasts into the next year. In this spirit, I am casting my strategic gaze into 2019 as well. In order to set the stage, a brief review of our 2018 strategic themes may be helpful. In our December essay "Aging [...]
4 April 2018 Enjoy the podcast in which I review how well our 2018 strategic themes are playing out, and take a look athe the rest of the year. Inflation, populism, and protectionism were the key Q1 market drivers, even as the US tax reform boosted American corporate earnings significantly. Personnel changes at the White [...]
1 March 2018 Emerging Market investing is a lot more complicated than it used to be -- and not just because it is difficult to replicate last year's stellar performance. Prior to the Global Financial Crisis (GFC), EM's superior growth prospects garnered investors' attention. In addition, EM growth and inflation cycles tended to be in [...]
13 February 2018 In my 2018 Investment Strategy blog entitled "Aging Rally or More to Play For?", I indicated that while the US (and global) equity market rally was aging in calendar terms, the factors traditionally signalling the end of the cycle were not yet evident. Nevertheless, I suggested that the US market would experience [...]