Investors with eyes riveted on upcoming CPI data have had to make a few glances across the Atlantic to the financial (and perhaps soon-to-be-political) trainwreck in the UK. The wreck has centered on UK pension funds that had leveraged themselves in order to meet actuarial targets rendered impossible by a Read more…
Over the past few years, a new movement has emerged in many countries around the world, taking different forms in different places, and often labeled by the news media with the deceptively simple term “populism.” However, that term doesn’t capture some of the most important aspects of the historic process Read more…
The U.S. With most U.S. markets making new all-time highs, or (as in the case of the Russell 2000) breaking out to new recent highs, we remain fundamentally bullish, and fully aware that a modest correction of 1–5% may occur at any time. In keeping with our overarching strategic view, Read more…
The U.S. U.S. stocks continue to forge ahead. In the ebb and flow of news related to trade, impeachment, geopolitics, and the 2020 election, we continue to note underlying reasons for strength. (Of course, the market may decline by 1–4% at any time). One of these reasons is the perpetually Read more…
The U.S. With most major indices having pushed to new highs, a modest correction of a few percent is possible at any time. Still, we anticipate that by the end of the first quarter of 2020, the U.S. stock market as a whole will likely be 8–10% higher than today, Read more…
The U.S. Most large U.S. indices have pushed to new all-time highs, on the back of optimism stoked by positive earnings (as we have have been anticipating over the past few weeks) and perhaps because of optimism about U.S./China trade negotiations. We see that negotiation process continuing to play out, Read more…
The U.S. As earnings season progresses, most companies are beating estimates, and sequentially, earnings are coming in on average slightly up. So far, earnings support our view that the U.S. economy is bottoming and preparing to exit the third slowdown of the post-2009 expansion. We note that the U.S. seems Read more…
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