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 and most bond markets and, so far at lea... Read More»
Global Strategy
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% from the September peak (see foll... Read More»
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 announcement that a 90-day deadline has b... Read More»
Will Private Equity Blow Up in an Economic Downturn?
If there is an area of American finance likely to blow up in any coming downturn, where the dynamic is driven by the unwind of QE-driven asset inflation, it... Read More»
British Brexiteers and Italian Populists Making a Hot Mess of EU Politics
Time spent in London earlier this week allowed this writer to monitor closer at hand what is undoubtedly the biggest cock up in post-1945 British politics. ... Read More»
Pakistan: Well Positioned to Benefit from the US-China Trade War
Investor attention on emerging markets normally focuses for good reason on economic success stories like China and India. But this writer recently visited f... Read More»
Expect Markets to Rally Thanks to Mid-terms and an Impending China Trade Deal
There is clearly the potential for more of a technical rally in stock markets with the bogey month of October having now concluded. The S&P500 has risen... Read More»
The Impact of Middle Eastern Oil on the US Economy
There are all kinds of concerns currently percolating in world financial markets, such as a US-China trade war. But what really blows up markets, because it unw... Read More»
FANG Faces the Existential Threat of Disruption and Regulation
The recent breakdown of the S&P500 has revived the base case triggered by the ‘short vol’ unwind in February. That is that the S&P500 has reached a peak... Read More»
