Weekly Market Update
Global Market News Global equities make gains Global equities made gains this week as Republicans and Democrats came to an agreement to raise the US debt ceiling, staving off default. The S&P 500 and Dow Jones closed up 1.83% and 2.02%, respectively, while the...
Geopolitics & the Day After
This week, we begin by discussing the inflated price of financial assets, which may be cause for concern as the era of "cheap money" comes to an end in the face of geopolitical turmoil and financial uncertainty. We then examine some of this geopolitical turmoil by...
Lenses for Latin America
This week, we will be continuing our series on emerging economies with some thoughts on Latin America. In examining Latin America’s prospects this week, we present below four lenses through which one may begin to assemble a picture of the challenges and opportunities...
Geopolitics & the Day After
This week we examine how markets are holding up despite debt ceiling uncertainty and recessionary fears. We then look ahead to China's prospects in cooperating with established global institutions as well as the risks that China will soon face due to its rapidly aging...
The Debt Limit Debacle, the Surrender of Reason, the Pre-Socratics, and Puccini’s Tosca: Canceling the Noise, Not by Bread Alone, Part XXIV
Could Puccini’s opera Tosca (based on Sardou’s dramatic play La Tosca) be the prolegomenon of the debt limit debacle? There are plenty of twists in both the play and the libretto, and Puccini is a master of dramatizing those twists. How in the world could a reasonable...
Weekly Market Update
Global Market News Global equities make gains Global equities made gains this week, despite the US debt ceiling issue remaining unresolved. The S&P 500 and Dow Jones closed up 1.65% and 0.38%, respectively, while the Nasdaq gained 3.04%. The US 10-year Treasury...
Geopolitics & the Day After
May 18, 2023 The US debt ceiling standoff continues to make headlines, perhaps bringing more fear than is actually warranted, as we explore in this week's first entry. In other financial market news, we take a look at the concept of a digital euro which the ECB hopes...
CROSSROADS
Here is a summary of important events that unfolded over the last month, and which may affect economic, financial, and geopolitical issues in the months ahead: North America Following the Republican-led House of Representatives passing of a bill to raise the US...
Weekly Market Update
The BlackSummit Team | May 13, 2023 Global equities fall Global equities fell on the week. The S&P 500 and Dow Jones closed down 0.29% and 1.11%, respectively, while the Nasdaq gained 0.40%. The US 10-year Treasury yield ticked up a few basis points,...
Geopolitics & the Day After
Geopolitical and financial risks continue to mount, threatening to create new crises out of the crises that the world has endured in recent years. The risk of complete US-China decoupling - which would undoubtedly have a huge ripple effect on global growth - has...
