U.S. and Global Stocks COVID-19 fears have given market participants the biggest weekly decline since 2008, and a lot of uncertainty remains. As we navigate current events for our clients, we are analyzing data to understand whether we are witnessing an interruption of a continuing trend, or the arrival of Read more
U.S. and Global Stocks Are we in a melt-up? We are beginning to see speculative market participants bidding up the stocks of many companies which had been left for dead — if they’re in the sectors and industries of the moment. Many companies associated with carbon-free electricity generation or the Read more
U.S. and Global Stocks “Fear? What fear?” U.S. markets have brushed off coronavirus fears and continue to move to new highs. The available data from China and elsewhere suggest that although Covid-19 (the virus’ new official designation) is more worrisome than SARS and MERS, and could yet be disruptive, it Read more
U.S. and Global Stocks Big events are afoot in the world. The coronavirus outbreak is ongoing, and continues to grow, albeit with little direct impact outside of mainland China. Stock markets in the developed world have apparently resumed their advance, with the U.S. again touching close to all-time highs. Even Read more
U.S. and Global Stocks Thus far, global markets have essentially shrugged off any major risks from the outbreak of 2019-nCoV, the designation for the new SARS-like coronavirus outbreak in China. We note that markets especially in the U.S. remain in an overbought condition, and vulnerable to a correction — either Read more
A recent piece of analysis of U.S. markets that we read alluded to Waiting For Godot, the mid-century play by Irish writer Samuel Beckett in which the two hapless lead characters are waiting for someone (Godot) who never arrives. After a remarkable period of low volatility and rapid appreciation, sparked Read more
We may be entering into the last stage of the post-crisis bull market, likely in 2021. Most analysts see very modest appreciation in global stock markets this year; in the markets we favor, mentioned above, we’re looking for more gains than the consensus expects. We are watching carefully for economic 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
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
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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