Brazil
Emerging Markets Beyond China
Emerging Markets Beyond China: Reforms and Opportunities in India and Brazil Six weeks ago in these pages, we wrote that 2019 might be the year during which emerging markets finally begin to outperform. We argued that after a decade of emerging-market underpeformance, global investment flows would begin favoring EM assets Read more…
Uncategorized
How Technology Keeps Inflation Low
Executive Summary 1. Deflationary tech is here to stay. In his May press conference, Fed Chair Jerome Powell cited what he believed were “transitory factors” that resulted in a low inflation print over the past 12 months. Although many economists and officials talk about inflation data as if they were Read more…
China
Trade War Static: Stay Focused On the Big Picture the Big Picture
Trade War Static: Stay Focused On the Big Picture Just as markets seemed to be happily pricing in a resolution to the yearlong trade conflict between China and the United States, fresh difficulties have emerged, throwing the outcome into doubt. Global stock markets swooned in response to the tweets… a Read more…
The U.S.
Goldilocks Data and a Policy-Driven Rally
The old saying is that stock markets must climb a wall of worry, and we have certainly seen that wall-climbing play out over the past several years. Every day, it seems, we can open the pages of the newspaper (or more likely, check our online news feed) and find headlines Read more…
Health
The healthcare decline — opportunity or trap?
Healthcare: Buying Opportunity or Trap? Taking Stock of Past Lessons The strong recovery of the U.S. stock market in 2019 year to date has not treated all sectors equally (rallies rarely do). Healthcare has been a particularly noteworthy laggard in spite of fairly consistent earnings growth, having gone sideways while Read more…
China
We are bullish on emerging markets, which are looking up.
That Keeps Us Bullish: Central Banks Are In Easing Mode, Emerging Markets Still Looking Good Last week, we wrote that we see the possibility that finally, after years of underperformance, the stars might be beginning to align for emerging markets in 2019. Overarchingly, here’s what emerging markets need to see Read more…
