09 November 2019
Investing
Listed real estate: knowing the price of everything and the value of nothing
Our title, based on a quip from Lady Windermere’s Fan by Irish playwright Oscar Wilde that concerns cynics, could equally […]
09 November 2019
05 November 2019
Investing
Chart of the week: US business investment is falling – really?
Recent data showing the second consecutive drop in investment by US business blotted an otherwise better-than-expected third-quarter GDP report – […]
04 November 2019
Markets and central banks
Market trends in October – Equities rally, but lack lustre
Relief that the risks of a Sino-US trade war and a disorderly Brexit appeared to be receding mainly explains the […]
03 November 2019
Markets and central banks
US Federal Reserve – Now on hold after third rate cut in 2019
The US Federal Reserve’s latest interest-rate cut marks the third consecutive loosening of policy aimed at providing ‘insurance’ against the […]
29 October 2019
Investing
More monetary easing likely as China GDP growth slows again in Q3
Facing strong growth headwinds, Beijing will likely maintain its policy easing bias for some time yet. We believe this scenario […]
17 October 2019
Investing
Chart of the week – will they/won’t they?
Are we or are we not on the cusp of resolution of two of the issues that have been dogging […]
16 October 2019
Emerging markets
Sino-US trade war risk – a reality check
The trade war between China and the US has moved into a second stage, in my view, with tail risk […]
10 October 2019
Investing
Alexa, what will happen to real estate if there is a recession?
Virtual assistants such as Alexa are the font of all knowledge (to some), but when it comes to the all […]
08 October 2019
Investing
Chart of the week – Is defensive sector outperformance signalling a bear market?
Renewed declines in purchasing managers’ indices (PMIs) have been mirrored in falling US Treasury bond yields and this has been […]
07 October 2019
Investing
Germany’s ‘black zero’ – Up for debate?
In the past, the idea of fiscal expansion in Germany was considered a forlorn hope. Today, a growing sense that […]
05 October 2019
Investing
Chart of the week – Services to the rescue?
Are you being served?, the British 1970s-1980s department store sitcom asked, and increasingly, it is a question for markets and […]
04 October 2019
Investing
What a US squeeze on inflows into Chinese assets could mean
If the White House restricts US public pension fund holdings of Chinese assets, it could have serious short-term and long-term […]
03 October 2019
Markets and central banks
A lack of conviction
Major equity indices recovered from some of the slippage in August: the MSCI AC World index gained 1.9% and the […]
01 October 2019
Investing
Transitioning to a reflation regime?
Reflation could be lurking around the corner. Judging whether it will actually appear depends on factors including supply shocks, de-globalisation, […]
23 September 2019
Investing
Chart of the week – Ah, appearances
Not all gloom(y data) spells doom and, equally, nor is it all gold that glitters Trade war hurts confidence and […]
19 September 2019
Insights on market events
The longest ever expansion in US economic growth
The election campaign for the November 2020 US presidential election was launched by President Trump in June. ‘It’s the economy […]
18 September 2019
Investing
Negative bond yields – what happens next?
The summer of 2019 has seen bond yields in developed economies fall to historically low levels. Interest rates on debt […]
13 September 2019
Central bank watch
What’s the ECB’s objective? Thoughts after September’s meeting of the governing council
Future generations of savers may search for bonds bearing positive interest rates like pioneers in the US gold rushes during […]
