It is time for investors to consider the possibility of rising inflation, which is now more probable than at any time in the past two decades.
Eight Reasons to Worry About Inflation
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Weekly Market Compass
Market Outlook 2021 – The Great Rotation
One year ago, if we were told the following twelve months would witness the worst global pandemic since 1918, precipitating the greatest global
Unconventional Wisdom
Promoting recovery with all tools – monetary, fiscal and public health – should be the sole macroeconomic priority of the Biden Administration,
Is it Time for a Full-Fledged Rotation?
Rotation in markets is the next big opportunity. Value has a lot of room to make up for a decade of underperformance. But sometimes it pays
Why Wall Street Likes What It Sees
The 2020 elections may have delivered mixed political messages, but for investors the news is mostly positive. Here are the key take-aways.
A House Divided
Abraham Lincoln said that a house divided cannot stand. So, where does that leave us now?
Win, Lose Or Draw?
In our view, the only unambiguous ‘win’ for risk assets is a ‘blue wave’, where Democrats convincingly win the White House and the
Are Democrats Bad for the Economy?
A common misperception is that Democrats are bad for markets. Such fears find little foundation in fact.
Unpacking Emerging Markets
The events of recent years—trade conflict, geopolitical risk and the Covid-19 pandemic—have laid bare that extreme differences exist among
It’s A Humpy Bumpy World
As 2020 draws to a close, investors are confronted with a binary challenge. How should they proceed?
The Fog of War
In this time of extreme flux, perhaps the only definitive statement that can be made is that political, policy and economic sources of uncertainty
Fasten Your Seatbelts
Flagging growth, depressed earnings, the risk of rising Covid-19 infection rates and unprecedented US election risk are forces that not even
Head Fake
The S&P 500 is down more than 7% in September, the Dow Jones 6% and the Nasdaq Composite more than 10%, into correction territory.
The Times, They Are a-Changin’
Bob Dylan’s lyrics resonate today against a backdrop of social and political unrest unlikely any time seen since he penned them. And even
The Cruelest Month
September, and October, will probably contain a few nasty surprises. Get ready.
Politics, Just Not Now
The choices voters will make in the US, Germany and Japan, could not be more consequential. No less may be at stake than the fate of liberal
In the Shadow of the Tetons
This week, this missing Tetons will cast a metaphorical shadow over the Fed deliberations. The reason for their absence will be a powerful
What is the Market Telling Us?
Now that the world’s benchmark equity index—the S&P500—has closed in on its pre-pandemic and all-time highs, it’s useful to carefully
No Time For Complacency
Despite a deep global recession, double-digit declines in worldwide corporate profitability, rising geo-political risk and no effective long-term
Extrapolation Risk
Despite a shellacking from Congress during public hearings, a day later the biggest information technology stocks delivered mostly robust
The Chosen Few
Global equity indices continue to recover. Much of the related commentary concludes that investors are heartened by signs of pandemic curve-flattening