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...

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...