Emerging Markets
Summer Travel Over… Here Comes September
Our editor, Rudi von Abele, is taking a much-deserved week off. We apologize in advance that instead of polished, well written research analysis, this week you will get the musings of a portfolio manager. Do not despair, Rudi will return next week, and we will all be more intelligent for Read more…
Europe
Market Summary: November 29, 2019
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…
Canada
U.S. / Mexico / Canada Trade Agreement Nears Ratification By Congress
As we write, there’s breaking news that top negotiators from Canada and Mexico have joined U.S. counterparts in Washington on November 27 to discuss the USMCA trade agreement that has been stalled for many months in the U.S. Congress. Recent comments from Speaker Nancy Pelosi and Representative Richard Neal suggest Read more…
China
Market Summary: November 21, 2019
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…
Gold
Market Summary: November 15, 2019
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…
Brexit
Market Summary
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…
Canada
New North American Trade Deal Makes Progress… Slowly
Investors trying to stay focused on significant economic and financial news have been especially challenged in recent weeks, with high political drama unfolding in Washington and seemingly monopolizing journalists’ attention. One of the longstanding legislative items that could be significant for markets and the U.S. economy is the fate of Read more…
Gold
Market Summary
The U.S. U.S. markets are entering a typically volatile and unproductive seasonal period, marked in this case by the emergence of new political drama surrounding potential impeachment proceedings against President Donald Trump. Tactical traders may seek to take advantage of seasonal weakness. For our part, we continue to remain longer-term Read more…
