Emerging Markets Developments and the Growth Trajectory
Just a couple of days ago, the Chinese authorities announced that growth this year is expected to range between 6-6.5%. A number of publications pointed out that this is the slowest growth rate in a couple of decades, but our opinion is that it is pretty healthy under...
Weekly Market Update
Market Action Global equities rose modestly this week on optimism over progress in US-China trade talks. The yield on the 10-year US Treasury note rose 11 basis points to 2.76% while the price of a barrel of West Texas Intermediate crude oil declined 2.6% to $57.77....
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 summit between US President Donald Trump and the leader of North Korea was abruptly called off without signing an agreement. The Trump Administration has said that...
Weekly Market Update
Market Action Most global equity benchmarks closed modestly firmer on the week, while Asian equity benchmarks experienced a significant increase of several percentage points on the week. The yield on the US 10-year Treasury note was unchanged versus a week ago at...
Projected Q1 Earnings Contraction: Valuations, Momentum, and Resistance Levels
Confused perspectives in the last quarter of 2018 created havoc in markets. However, since the beginning of this year the pause in interest rates hiking along with reduced tensions in the trade warfare have eased pressures and are creating an upswing wave and a new...
Weekly Market Update
Market Action Global equities rose on the week, boosted by progress toward a trade agreement between the United States and China. The yield on the US 10-year Treasury note rose 2 basis points to 2.66% compared with last Friday, while the price of a barrel of WTI Crude...
Impotent Realism vs. Impossible Idealism: Simplicissimus of the Land of Stable Disequilibrium Meets Cardinal Richelieu of the Land of Unstable Equilibrium
The year 1648 symbolizes the beginning of the modern era. Moreover, the Westphalia Treaty signed in 1648 gave us the international state system and became a cornerstone of “laws” governing warfare that has been shaping world affairs ever since. “War is the father of...
Weekly Market Update
Market Action Many of the major equity benchmarks closed more or less flat for the week, while others declined on the week, amid fresh evidence of slowing global growth and less optimism that the United States and China will be able to reach a comprehensive trade...
On Earnings and Economic Prospects: Risks Assessment
Since the beginning of the year, equity as well as debt-related markets have been on an upswing. The concession given by the Fed on rate increases, the truce on trade disputes with China, the stabilization of earnings expectations, and the encouraging news on...
Weekly Market Update
Market Action Global equities climbed on the week, likely thanks in part to a dovish turn by the US Federal Reserve. The shift in tone from the Fed pushed the yield on the US 10-year Treasury note down 7 basis points to 2.69%, weakened the US dollar and supported...
