For the first time in 20 years, markets will have to survive without support from central banks.
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
Michael discusses how short covering, rather than real money, has driven the fastest recovery on record following a bear market, and looks ahead at slowing earnings growth.
LTCMA 2019 Theme: The evolution of market structure. Managing illiquidity risk across public and private markets.
South Korean won Assumptions
Michael looks at the midterms: GOP gains in the Senate, an historic loss in the House given economic and market conditions, and what it means for investors.
Listen to previous series on a variety of investment topics, asset classes and current themes
A possible change in Chinese currency policy?
Australia dollar Assumptions
Canadian dollar Assumptions