Weekly Market Update
Market Action Asian stocks ended the third quarter on a strong note. Japan's Nikkei 225 led major indexes in the region with a more than 1% gain, while China's Shanghai Composite Index rose nearly 1%. Japan's benchmark index hit peaks not seen in nearly 27 years, amid...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America The United States has set September 30th as a deadline for reaching a new North American trade agreement with Canada. US officials are sending signals that negotiations are...
Weekly Market Update
Market Action Global equities extended their recent advance, with the S&P 500 and the Dow Jones Industrial Average both posting record highs on Thursday. Helping to sustain the advance were solid high-frequency economic data, such as regional Fed indices, a modest...
Monetary Policy, Currency Misalignments, and Markets’ Memory: Pausing the Hiking of Rates
Inflows to emerging markets dropped by over 65% between July and August of this year. A strengthening American economy and the growing trade tensions have created a rout in emerging markets which is contributing to currency misalignments in Asia and South America....
Weekly Market Update
Market Action Global equities rebounded this week, spurred by calmer emerging markets and modest hopes that US-China talks will defuse growing trade tensions. The yield on the US 10-year Treasury note extended its rise to 3%, up 18 basis points from two weeks ago. The...
Is Amazon Causing a Retail Apocalypse?
Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN) are the first US companies to cross the one trillion dollar market cap ribbon, with Apple winning by a nose. (They are not the first trillion dollar companies, however. Both PetroChina and Saudi Aramco have been larger than...
Weekly Market Update
Market Action Global equity prices slipped on the week amid ongoing emerging market concerns. The yield on the 10-year US Treasury note rose 12 basis points to 2.94% as US labor data showed an uptick in wages. The price of a barrel of WTI crude oil slipped to $67.20 a...
The Spider of Currencies and Trade: Monolithic Tribalism
Over the course of the next few months, problems in emerging markets may intensify. Here is a list of the primary candidates: Turkey, Brazil, Argentina, and China. We certainly do not have the space to discuss all of them in this commentary, but at least we can touch...
Weekly Market Update
Market Action The S&P 500, Nasdaq 100 and Russell 2000 indices all hit new record highs this week. The yield on the US 10-year Treasury note edged up 2 basis points to 2.84% while the price of a barrel of WTI crude rose 1.57% to $69.80 a barrel. Emerging markets...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America The US and Mexico have reached an agreement to revise key portions of the North Atlantic Free Trade Agreement (NAFTA). The new agreement will be renamed the United...
