By: Joel Charalambakis | On: July 29, 2017 |
Market Action Spanish GDP accelerated at its fastest rate in two years during the past quarter. Spain’s economy grew over 3% over the past year according to recent data released. […]
By: Joel Charalambakis | On: July 23, 2017 |
Market Action China’s economy accelerated its growth rate in Q2 to 6.9%, with consumer spending, factory output and investment all posting strong figures. Retail sales were also at their strongest […]
By: John E. Charalambakis | On: July 20, 2017 |
As many analysts have pointed out lately, the equity markets at the current levels are stretched, but probably not over-stretched. Global equity correlations have been falling this year (from their […]
By: Joel Charalambakis | On: July 15, 2017 |
Market Action The Bank of Canada raised interest rates for the first time since 2010 this week from 0.5% to 0.75%. The tighter policy comes amidst upward revisions to forecasts […]
By: John E. Charalambakis | On: July 13, 2017 |
There is almost no doubt that the extraordinary measures taken by the central banks around the world over the last several years uplifted equities, lowered cost of capital, increased corporate […]
By: Joel Charalambakis | On: July 9, 2017 |
Market Action The U.S. economy added 222,000 in the month of June according to Friday’s employment report, which included an upward revision of to May’s report as well. While the […]
By: John E. Charalambakis | On: July 6, 2017 |
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: Joel Charalambakis | On: July 1, 2017 |
Market Action The Federal Reserve approved the capital plans of the 34 largest financial institutions in the U.S. The plans were the second half of the central bank’s annual stress […]
By: Thierry Malleret | On: June 30, 2017 |
June 2017 Lowflation is back. Core inflation is softer than expected, notably in the US and Europe, but also in other countries like China. The resultant flattening bond yields […]
By: John E. Charalambakis | On: June 28, 2017 |
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: July 27, 2017 |
Cheapening the Currency: The Wrong Way Forward
In the last few commentaries we have noted that while equity markets may be stretched, there might still be room to grow given the current macro-circumstances, corporate earnings, and business […]