Where Are the Worst EM Troubles? Emerging-market stocks, for U.S. investors, have not been treated kindly by trade-war saber rattling during 2018 — as of this writing, down more than 17% from their late-January highs. Source: Bloomberg Finance LLP Until trade conflicts took center stage, though, emerging markets performed well Read more…
Drama has unfolded in emerging markets, starting last week as the Trump administration stiffened tariffs against Turkish steel and aluminum, exacerbating the Turkish lira’s sharp decline. Stock markets soured globally as investors tried to determine whether Turkey’s problems were relatively isolated, or if there could be wider ramifications. European financials Read more…
Market Summary U.S. and World Outlook: Pivotal Influence Is the Value of the U.S. Dollar The U.S. dollar continues to be strong and this continues to disincentivize U.S. investors putting money into commodities, non-U.S. stock and bond markets. Simultaneously, the strong U.S. dollar incentivizes foreign investors to put money in Read more…
India Economics: Steaming Ahead The Indian stock market has seen a strong year, continuing the rise from the bottom at the end of 2016. Source: Bloomberg Finance LLP When expressed in U.S. dollars, however, the chart takes on a different hue. U.S. dollar strength has meant that in U.S. dollar Read more…
The U.S. Economy and Stock and Bond Markets As trade tensions have escalated during 2018, we have told our readers that we would inform them if we believed the likelihood of a real trade war was becoming greater. Although a full-blown trade war has not yet broken out, we now Read more…
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