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.
Despite attractive valuations, emerging market equities have underperformed. Things are improving, but a headwind looms: monetary policy
This paper considers the role an enhanced allocation to real assets can play in portfolios during various stages of the pension life cycle.
There are things the government can try and fix during a pandemic and other things which it can't.
EURUSD should be rangebound
This research examines the evolution of baby boomer balance sheets and attempts to assess and quantify its implications for markets and investors.
There are some difficult days ahead as quarantines and lockdowns grow. I want to share something with you from John Stuart Mill as we head into the unknown.
A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.
A lot of data is being made available on the coronavirus, but most of it requires careful analysis before drawing conclusions.
Michael discusses his forecast for 2020, which entails a modest recovery in global growth and profits after trade-war weakness in 2019.