Asset Allocation Update Our new, lower, forecasts for non-US equities Given our expectation that the Trump administration will push forward with plans to raise tariffs across the board, we have generally revised down our forecasts for stock markets outside the US. And... 21st November 2024 · 6 mins read
Event Europe Drop-In: Germany's political crisis – Macro and market consequences 1731510000 Could the collapse of Germany’s ruling ‘traffic light’ coalition open the way to more effective governance for Europe’s largest economy?
Japan Economics Update Yen could weigh further on the TOPIX We argued last year that the relative strength of Japan’s stock market mostly reflected the weak yen rather than a fundamental transformation of its corporate sector. Developments since then suggest... 23rd October 2024 · 6 mins read
Asset Allocation Update Rising geopolitical tensions could prick the AI bubble A further decoupling of trade ties between the US and China or a sharp rise in Cross-Strait tensions, even if a full-blown conflict is avoided, are two big geopolitical events that we think present a... 11th October 2024 · 8 mins read
Equities Update Is this time different for China’s stock market? We’re cautiously optimistic that China’s equity market will hold on to its recent gains, and perhaps even extend upon them in the near term. But we still think its long-run prospects are poor. 4th October 2024 · 6 mins read
Asset Allocation Update What to make of the industrial heartland of the US stock market? Since mid-2022, the average stock in the industrials sector has returned more than the average stock in all other sectors of the S&P 500. This raises the question of whether investors have a rose... 3rd October 2024 · 4 mins read
China Economics Update China stimulus: your questions answered China’s recent stimulus announcements are still at the top of many investors’ minds, at least judging by the high level of client interest in the online briefing we ran on the topic yesterday. We’ve... 3rd October 2024 · 8 mins read
Latin America Economics Update Mexico and what to expect from President Sheinbaum We held a Drop-In yesterday to discuss what investors should expect as Claudia Sheinbaum takes over the presidency in Mexico. A recording of the event can be found here. This Update answers some of... 2nd October 2024 · 6 mins read
