Global Strategy
“Risk On” Market Remains the Base Case but There is One Big Risk
Strategist Christopher Wood writes about the risk-on market being the base case and the biggest risk to the market.
Aussie Housing Correction Exposes Vulnerability in Banks
There have been two housing cycles in the Anglo-Saxon world that never really corrected in the 2008 global financial crisis…
Fed Comes to Grips with Reality: Asset Prices Drive Economies
The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance…
Will The Donald Score a Double Win on China and North Korea?
The benefit of the doubt is still given to the continuation of the risk on trade that commenced on Boxing…
Now is the Time to Buy UK Stocks With Cheap Pound Due to Brexit
The cock-up that former British Prime Minister David Cameron created has become ever clearer. This is a reference, of course,…
China Preys on Taiwan’s Chaotic Political Climate to Unify
With all the focus on the US-China trade negotiations, it is easy to forget about Taiwan and the long-running cross-Strait…
Guideposts for Powell’s Direction on Quanto Tightening
Fund managers entered 2019 shaken and stirred. So more of a relief rally would not surprise, most particularly given the…
The End of U.S. Monetary Tightening a Tailwind for Emerging Markets and Gold
The past year was a disastrous year for investors in the sense that U.S. dollar cash outperformed all stock markets…
2019 Market Outlook: The Tightrope of U.S. Earnings
Wall Street remains in corrective mode despite hopes of the normal rally into year-end, with the S&P500 now down 11.6%…
A Truce on Trade Between China and the U.S.
Investors have been intently focused on the outcome of the G20 Summit in Buenos Aires on Dec. 1 — specifically the…