Here’s a new entry in the “robot apocalypse” file (though with lots of alternate happy endings). We recently read in the Proceedings of the National Academy of Sciences about a team of researchers from Tufts, Harvard, and the University of Vermont who successfully created microscopic biological machines, entirely out of Read more…
On Thursday, January 23, at 10 AM PST, Guild will host its conference call for the first quarter of 2020, and in this week’s letter, we’ll give you a rundown of some of what we’ll be discussing. You can register for the call here. We always love to hear from Read more…
We mentioned in last week’s Market Summary that we saw heightened terrorism risks in 2020, and right on cue, the next day the U.S. assassinated the leader of Iran’s Quds Force. Iran responded with missile strikes against U.S. facilities in Iraq. The risk of regional destabilization was, briefly, on everyone’s Read more…
Globally, $3 trillion in institutional assets (perhaps more) are tracking ESG scores — numbers that purport to distill and quantize companies’ performance against environmental, social, and governance standards. We reported to you back in November about interesting research showing better stock performance by companies with higher gender diversity among their Read more…
At the very end of 2019, China added liquidity to its financial system by loosening the reserve requirements for banks and allowing them to lend more. This move followed three other such cuts earlier in the year, making a total of seven since early 2018. Cutting required reserves is a Read more…
It has been a typically quiet year-end week, without a lot of significant news for markets or of notable activity. U.S. markets have had a very strong run since the beginning of October, and as we often observe, a correction is possible at any time. Still, as we noted above Read more…
Nuclear energy is an unlikely friend of environmentalists. Some remain opposed to nuclear electricity generation because of waste issues and safety concerns. However, a significant number of environmental advocates support nuclear because it is a potential workhorse that could make up much of the shortfall in electricity needs as generation Read more…
Markets in 2019 truly climbed a wall of worry, recovering from the late 2018 swoon and rising to new highs even in the midst of a host of political, geopolitical, financial, and economic concerns. Some of those worries have been resolved, some have been put to one side, others are Read more…
Recently, the U.S. Senate passed a bill that makes significant changes to the laws governing the tax-advantaged accounts that most Americans rely on to supplement Social Security during their retirement. The President signed it into law on December 20. (We note that when the House passed the bill back in Read more…
We see a number of macro themes acting on markets in the coming year: The policies of major central banks, including the U.S. Federal Reserve, the European Central Bank, the Bank of Japan, the People’s Bank of China, and others, are supportive of global stock markets; A new president of Read more…
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