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Tag Archives: Equity
What Happened in February? Is It the Start of Something New? And Where Will It All End?
Markets reacted strongly to what was possibly a fluke in the data in February. The sharp rise in volatility exaggerated the true significance of the sell-off. As the dust settles it becomes ever clearer that the “correction” was none at … Continue reading
Posted in Uncategorized Tagged Equity, growth, rates, stock market, US Leave a comment
Another Year of MOTS and FOMO?
(first published January 14) 2017 was a stellar year for asset markets: simply being long risk was sufficient to achieve strong returns. For 2018, market participants are optimistic on the back of expectations of above-trend global growth and broadly ac-commodative monetary … Continue reading
Posted in Uncategorized Tagged EM, Emerging Markets, Equity, rates, US Leave a comment
Is It Time to Buy Emerging Markets?
The dismal performance of emerging market equities during the past three years (a total of -20%) suggests that a rebound may lie around the corner. Yet, country-specific factors aside, three key global factors argue otherwise: 1) insufficiently attractive EM valuations, … Continue reading
Posted in Uncategorized Tagged Emerging Markets, Equity Leave a comment
Market Prospects Ahead of the QE3 Wind-Down
The Fed surprised markets with a more hawkish posture than expected, suggesting the start of QE tapering in late 2013 and completion by mid-2014. While Fed guidance may not ultimately come to pass, EM equity markets in particular remain subject … Continue reading
Posted in Uncategorized Tagged crisis, Equity, Fed, QE, US Leave a comment
Fed: Still Easing After All These Years – Interpretation & Asset Implications
In its new round of quantitative easing, the Fed’s operations are now open-ended, unlike in previous instances. What is more, in what could mark a turning point in its approach to monetary policy, it signaled that its loose stance might … Continue reading
Posted in Uncategorized Tagged Equity, FX, QE, rates, US Leave a comment