The Armageddonists and the price of fame.
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.
A brief note on the latest price action in equity markets, how business cycles end, and how markets are being left to fend for themselves without central bank intervention for the first time in 20 years.
For the first time in 20 years, markets will have to survive without support from central banks.
Sentiment and valuations are likely to keep markets relatively contained until there is clarity about the extent and length of the outbreak says Tyler Voigt.
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.
In today’s investment environment rates are lower, this inflates the value of future cash flows and pushes equity market multiples higher.
In today’s special issue Eye on the Market, Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
An update from the front lines of the Trade War, with a focus on implications for investors.
Global trade tensions may continue into 2020, weighing on global growth and acting as a headwind for further equity market gains.