The Fed halted tightening and propelled equities to their fastest recovery ever following a bear market. This decision was made despite the lowest unemployment rate in 40 years. Does that make sense? Also, a possible deal with China.
Michael went on a search for Democratic Socialism in the real world, and ended up halfway around the globe from where he began.
Michael Cembalest analyzes the performance of over 6,700 domestic and international active equity managers, and discusses the challenges they face outperforming at a time of markets distorted by quantitative easing.
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.
Michael discusses this year’s Eye on the Market Energy paper. Topics include the unattainable objectives of the Green New Deal, an overview of the world’s de-carbonization challenges, Germany’s energy transition and Trump’s War on Science.
An update from the front lines of the Trade War, with a focus on implications for investors
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs.
Armageddonists and the portfolio cost of fear, 2010-2019
Michael discusses US-China trade war in context, the outlook for prescription drug price legislation, and an updated ideological scorecard for 2020 Presidential candidates.
A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.