The Meeting of Trends: A Value-Oriented Investment Strategy
In the last two commentaries we focused on asset allocation in times of change and on particular sectors that may benefit from forthcoming policy changes. In this commentary we would like to focus on an emerging convergence and suggest that a value-oriented approach...
Weekly Market Update
Market Action A wild week in trading ended with U.S. stocks posting new highs despite the surprise election of Donald Trump as the 45th President. Futures crashed during the election, down over 5%, but recovered to post strong gains. Stocks moved on speculation of...
Initial Reflections on US Elections and Markets’ Reaction: The Sisyphus Dilemma
As the results of the election kept coming in on Tuesday night, the futures markets indicated a turbulent opening for Wednesday. However, as the morning hours were unfolding and as the closing indicates, we had a complete reversal with the Dow Jones Industrial Average...
Weekly Market Update
Market Action U.S. equities have ended each of the past 9 sessions lower, the longest losing streak since 1980. While employment data came in slightly below expectations on Friday, most of the negative sentiment is being attributed to a volatile election season. The...
US Presidential Election and Market Perspectives: Asset Allocation in Times of Change
Within six days the US election will (probably) be over. Serious statistical models show that the outcome may be more uncertain than pundits predict. Some of the latest polls in swing states show a pretty tight race, while some national polls show the race being a...
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
October 2016 In the coming months, political risk will continue to rise while global growth pursues its deceleration at a slow, but inexorable, rate, reflecting the structural changes engulfing the world economy: ageing, excess savings, insufficient investment,...
Weekly Market Update
Market Action U.S. GDP expanded at a surprising 2.9% during Q3 according to economic data released Friday. The news led to a selloff in the bond market and a stronger dollar on the stronger likelihood of tighter monetary policy. European economies also reported better...
Trapped in the Noise of the Market: Rates and Momentum
Markets are looking for an opportunity to break free from the noise of going sideways. It could be that the recently announced deals in mergers and acquisitions could become the cornerstone for such a break. On Monday the S&P 500 came close to 2150 and temporarily...
Weekly Market Update
Market Action Markets in the U.S. were largely flat on the week as Earnings season begins to gather momentum. Financials were among the best sectors thanks to strong earnings posted by banks. Saudi Arabia raised over $17 Billion in the largest bond sale ever by an...
Credit Impulse and Currency Outlook: Kafka’s Clamence Ponders on Currencies’ Trajectory
This year marks the 60th anniversary since Kafka published his least understood philosophical novel titled “The Fall”. The novel is a series of monologues by its main character (Clamence). Clamence’s words echo a dark masterpiece of a person who has fallen from grace....
