By: John E. Charalambakis | On: July 6, 2017 |

Valuation Metrics, Currencies, and Portfolio Rebalancing: Kantian of Fichte?

According to most valuation metrics, European stocks trade at a discount relative to those in the US. Consequently, fund managers are on a shopping spree for EU-based equities. As a […]

By: John E. Charalambakis | On: June 28, 2017 |

Reverberations and Growth Prospects: Implications for Equity and Fixed Income Markets

In the last few weeks two developments – related to key issues for the health of the global economy – have been unfolding. The first deals with European banks, and […]

By: John E. Charalambakis | On: June 22, 2017 |

Relevering Balance Sheets and Recalibrating Expectations: The Central Authorities Effect

Current financial and economic conditions in the US as well as in the EU are conducive to higher growth in the second half of the year. In addition, the shaping […]

By: John E. Charalambakis | On: June 15, 2017 |

Bullish Bias and Asset Classes Breakout: Diminishing Safety Margins

Last Friday we observed a divergence among major indexes. The DJIA and the NASDAQ moved in significantly opposite directions. The main reason for the drop in the NASDAQ (which continued […]

By: John E. Charalambakis | On: June 8, 2017 |

Disintegration in the Age of Discontent: Unraveling Realities and the Market

It seems that we are on the verge of a new reality that could resemble the developments of the early 1970s. The global rules and order that were established in […]

By: John E. Charalambakis | On: June 1, 2017 |

Tending the Garden: Credit Risks in the Ocean called Debt

Moody’s downgrade of Chinese debt a few days ago was treated like a non-event. Chinese domestic bond prices did not change and Chinese equity prices actually rose. Is that a […]

By: John E. Charalambakis | On: May 24, 2017 |

Financial Gravity and Paradigm Shifts: What Could Disrupt the Disruptors?

Over the course of the last year, investors poured billions of dollars into emerging markets, seeking higher yields and higher overall returns. Emerging markets have rewarded that trust, and as […]

By: John E. Charalambakis | On: May 17, 2017 |

The Reshaping of Global Trade and Recent Economic Trends

A major Chinese conference related to the New Silk Road ended two days ago. The conference centered on the theme of “One Belt, One Road”, which is the Chinese equivalent […]

By: John E. Charalambakis | On: May 9, 2017 |

Sic Tranit Gloria Mundi: Defining Moments in Global Financial History and the Undercurrent of Today’s Developments

There are revolutions, wars, and historical periods that have defined global developments and carry significant weight in shaping up the world economy to this day. There is little if any […]

By: John E. Charalambakis | On: May 3, 2017 |

The Powerhouse of Structural Changes: Co-integration, Co-movement, and Disintegration

By 460 CE the Roman Army was dominated by Germanic troops. By that time they had also forgotten a basic lesson that it is the army that elects the Emperor.  […]