Global X 2020 Outlook
Purely from a returns perspective, 2019 appeared to be a banner year. The S&P 500 and other major equity indexes posted double-digit gains and hit new all-time highs in 2019. Investors feasted on easy money from accommodative central banks. U.S. equities set the pace, despite some high-profile wobbles. Developed markets were close behind.
A Compelling Case for Emerging Markets Debt
Waiting for Some Important Directions
Market participants still don’t know for sure if the tariffs on the final tranche of imported Chinese goods will go into effect December 15 and they are also waiting to hear (even though they have a good idea already) what Fed Chair Powell has to say at today’s press conference to shed light on what the FOMC is thinking about the economic outlook and the policy rate path.
Economist Perspective: The Power of Consumer
Closing Bell (Dec 11)
MRP Poll Muddies The Waters As Tory Lead Shrinks
What to Look for From the Fed Meeting
Introduction to Charts
Five Questions: The Man Who Solved the Market with Gregory Zuckerman
How was a mathematician with no formal stock market training able to produce those kinds of returns? That is the subject of the new book The Man Who Solved the Market by Gregory Zuckerman. We are very fortunate that Greg has agreed to join us this week for our Five Questions interview.
Who Won Black Friday and Cyber Monday?
China Stimulus Working
Asia was a sea of red outside of Korea and Mainland China as investors wait for developments on US-China trade talks in light of the coming December 15th tariff hike, ECB and Fed guidance, and a slew of economic data. US-China trade talks appear to be headed in the right direction as both Jared Kushner and Sonny Perdue, Agriculture Secretary, had positive comments on Monday.
Morning Insights: Dec. 10, 2019
Closing Bell (Dec 10)
China CPI Surges To Seven-Year High
Weekly Market Recap: Dec. 9, 2019
Recap: 2019 Greater New York Dental Meeting
Economic Update: Dec. 9, 2019
3Q19 real GDP growth was revised up to 2.1% q/q saar, driven by upward revisions to inventories, housing and consumption, although partially offset by downward revisions to government spending. Manufacturing produced mixed data, with the Markit manufacturing PMI moving up to 52.6, but ISM manufacturing remaining in contractionary territory at 48.1.
A Lot Hangs in The Balance
It’s just your typical Monday. Taking things from the top, China reportedly wants to get a trade deal worked out as soon as possible; there is some M&A buzz in the biotech space with ArQule (ARQL) and Synthorx (THOR) being taken out at huge premiums; worries about repo market functioning at year end are said to be festering; and there is a lot of interest in macro matters later in the week.
Why A Financial Transaction Tax Would Destroy Retail Traders
Democratic presidential candidates, including Joe Biden, Elizabeth Warren and Bernie Sanders, have proposed a new tax on financial transactions. While candidates argue these new taxes could help pay for ambitious healthcare programs that could benefit the middle class, critics say they would suffocate retail stock traders.
What’s on Tap Weekly Calendar: Dec. 9 – 13, 2019
Monday December 9th – Economic Calendar:No Major Economic Data Released today; Earnings Calendar:Earnings Before the Open: THO
Central Banks on Hold As Data Improves
Strength is this week’s theme, at least for the most part. Lower rates and Washington’s borrow and spend policy appear to be giving the US labor market a sizeable push going into year end. Growth in the global economy in general also appears to be improving, or at least no longer deteriorating. This lift is expressed in the week’s central bank decisions.
Weekly Corporate Highlights Dec. 9 – Dec. 13, 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. Monday: ASML Holding (ASML_NL): Presenting at UBS Global Media, Telecoms/Communications, Technology Conference 2019; Occidental Petroleum Corporation (OXY): Ex Date for Quarterly dividend of $0.790
Closing Bell (Dec 9)
China’s Exports Shrink, Tariff Deadline Looms Large
Room to Grow? The Outlook for Equities Late in the Cycle
Corporate Governance in Emerging Markets: Harnessing Winds of Change
Growth In ESG Begs The Question of Implementation
A significant level of assets have flowed into sustainable investment in recent years, to the tune of $30.7 trillion globally in the five major markets at the start of 2018—a 34% increase in two years—according to The Global Sustainable Investing Alliance’s most recent trends report.