10 September 2020 With Labour Day celebrations marking the unofficial end of summer, the US electoral race now will enter its final (and likely most brutal) phase. We do not need President Clinton's 1992 campaign strategist James Carville, who famously coined the phrase "it's the economy, stupid", to remind us of the role the economy [...]
12 July 2019 Global equity markets are at (or approaching) all-time highs. What's not to like? In particular, the US market has been buoyed by the Sino-US trade truce achieved at the Tokyo G20 meeting, the prospect of Federal Reserve interest rate cuts, and solid employment gains. Indeed, our year-end 2019 S&P 500 target of [...]
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 [...]