Articles

After a vicious rally and equally potent sell-off at the start of this year, equity markets have oscillated uneasily with no clear direction. The economic cycle has matured, with the US late cycle, and although some emerging countries remain in a “sweet spot”, the general picture is now of higher volatility and a more classical inverse relationship between bonds and equities. Of course, every period of history has its own peculiarities.... more

ALMOST ACCORDING TO PLAN Since the global financial crisis, US markets and the economy have outperformed peers as a more aggressive and timely policy response, helped address the banking system and mitigate (temporarily) a structural growth ... more