2019 was a good year for equities as multiple expansion drove stock markets to new all-time highs.
When it comes to investing in equities, one of the most frequently asked questions is whether we prefer value or growth.
In this special holiday edition, Michael explains how an evening at home went awry: how a discussion about China and Hong Kong morphed into a chart war about Trump, Hoover, Taft, Rachel Maddow and Anderson Cooper.
The Armageddonists and the price of fame.
A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs
A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.
EM currencies have struggled when the PMI has been falling, and thus its equity returns have underperformed versus the U.S. and other developed markets.
An update from the front lines of the Trade War, with a focus on implications for investors.
We emerged with a cautious near-term view from our latest quarterly strategy meeting in early September. In our base case scenario, the global economy is expected to narrowly avoid recession and continue to grow, albeit much more slowly.
The Fed’s options for additional stimulus are limited and each comes with a set of complications, says Alex Dryden and Jack Manley.