Rising Rents Feed Inflation, While Lower Bond Yields Trip Up Cyclicals

The June US CPI data came in well above consensus while the July data, released last week, still shows CPI and core CPI rising at 5.4% YoY and 4.3% YoY. US CPI... Read More»

China’s Focus on Technology & Domestic Demand

China's 14th Five-Year Plan While world markets have been focused on the US presidential election, an important event also took place in Beijing in late Octob... Read More»

Can Emerging Markets Escape the “Middle Income Trap”?

A point made in the inauguration speech on Oct. 20 of re-elected Indonesian President Jokowi caught the eye recently. The theme of the speech was to set out... Read More»

Concentration Risk of Chinese Equities and the Impact on Emerging Markets

Christopher Wood writes about the concentration risk of Chinese equities in Emerging Markets indexes.... Read More»

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 dispute. But there was an interes... Read More»

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»

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»

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»

Fed Tightening Cycle Triggers Emerging Markets Debt Dislocation

An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding came early last month in the for... Read More»