The Blues Brothers
Global stocks have taken a bath in recent days, but there’s at least one investor “buying the dip”. News broke late on Wednesday that billionaire Bill Ackman’s investment firm had taken a large stake in that of another billionaire – Warren Buffett’s Berkshire Hathaway.
Eliminating that Factor Home Bias
Revamping the Client Segmentation Process
Busy is not the same as effective. In our “always-on” environment, we are constantly trying to keep up with what’s in front of us at any given moment. This approach does not lend itself to long-term planning, daily stress management or reflection on the question, “Am I doing the right things to create success in my business?”
Game of Bridge or Game of Thrones between China and U.S.?
The entire German yield curve is negative. The U.S. 3-Month Treasury yield is at 2%, while the 10-Year yield currently sits close to 1.65%. Excluding U.S. debt with 20 years to maturity or more, U.S. short-term Treasuries now have the highest yield among all developed-nation debt.
Recession, Really? Not Based on Today’s Economic Data
Intro to Exchange-Traded Funds
Investing In The Age Of De-Globalization
From a macro perspective, de-globalisation should therefore work like globalisation in reverse, though this is unlikely to be in a perfectly symmetrical manner. Trade-dependent economies are most vulnerable, with small to middle open economies challenged to revamp their growth models.
You Can’t Train A Great White Shark – Or Control Global Trade
In my view, the US has exhibited these two forms of overconfidence bias in its current trade situation. First, the desirability effect: In my travels, it has been clear that the vast majority of Americans I’ve spoken with believe it would be desirable to have more favorable trading conditions, which helps to explain why the Trump administration has been so focused on strong-arming other nations, especially China, into better trade agreements.
It’s a Small, Small World
Global equity markets have been experiencing heightened volatility over the last few weeks. In my opinion, there are quite a few intertwined issues at work here. First, China’s economy has a large export component, accounting for nearly 50% of all GDP. China has made the domestic economy a focus, to reduce its dependence on exports over the last decade.
The Subtext In Global Central Bank Speak: Devaluation
Weekly Corporate Highlights: August 12, 2019 – August 16, 2019
Staying on top of corporate events is critical for any investment firm. Here are the selected events from Wall Street Horizon impacting the most widely held securities scheduled for this week. August 12, 2019 – August 16, 2019
Why Are Investors So Suddenly Crazy about Gold? (w/ AK)
Fed Rate Cut Spurs EMs Into Action
Like Brazil last week, India’s central bank surprised markets with a larger-than-expected cut, easing by 35 bps to take the policy rate to 5.4%. The accompanying statement was also rather dovish in tone and suggested more cuts to come. This month’s rate cut had been flagged at the previous meeting, the new governor’s first, which also delivered a rate cut.
Taking Sustainable Investing Beyond Box-Checking
Sustainable investing is growing in popularity. Jeff Shen talks with Debbie McCoy, Head of Sustainable Investing for BlackRock Systematic Active Equity, about her work to uncover the ESG metrics that matter most.
The Beginnings Of A Slump? Trade Sinks Manufacturing
Shareholder Activism in M&A Is on the Rise. Here Are 5 Things Companies Must Keep in Mind
Echoing increasing shareholder activism worldwide, a rising trend in global markets this year has been activist campaigns with an M&A thesis. New campaigns in the first half of 2019 are fewer relative to the same period last year, according to a report by Lazard. But the financial advisory firm notes that close to half of those campaigns were M&A-driven, showing that activist investors guide such deals more and more.
Weekly Corporate Highlights: August 5, 2019 – August 9, 2019
Weekly corporate highlights.
Five Questions: Questioning Conventional Wisdom With Lawrence Hamtil
My favorite people to follow on Twitter are those who make me think about things in different ways than I currently do. One person who certainly fits that bill is Lawrence Hamtil of Fortune Financial Advisors. In this interview, we will cover those topics, as well as several others that might make you challenge what you think about some popular investing topics.
Markets at Key Inflection Point
This Week The Fed Will Remind Us That It’s The World’s Central Bank
The IMF revised global growth for 2019 down to 3.2% from 3.3% in April, which continues a series of downward revisions to growth. Of note is that the IMF substantially downgraded its estimate of world trade growth to just 2.5% this year, which is a downgrade of nearly a point since April’s outlook.
Feel The Fear And Do It Anyway
Central Banks Around the World Go Dovish as Fed Signals Rate Cuts
As global recession concerns mount, Central Banks around the world are going the way of the dove. Their actions aim to bolster a faltering economy in their home turf and worldwide, much like they have done in the past. All eyes this month are on the US Federal Reserve, or Fed, which has all but confirmed it will cut rates at the end of this month.