Stock markets are booming. But the good times are unlikely to last
EVERYWHERE you look, stock markets are breaking records.
It’s not always the economy
LAST year was humbling for economists and investment strategists alike. It began with an “imminent” recession and ended with equity markets near...
The cycle vs the trend: Investors need to prepare for secular change
OVER the past several months, we have witnessed a significant shift in expectations about the economic cycle. A year ago, many economists...
Private equity: Five lessons from the GFC
UP UNTIL the 2008 credit crunch, the conventional recipe for success in private equity (PE) was straightforward: Just pour in debt and...
More commotion than motion in foreign exchange markets
THE 2024 global economic outlook is less than stellar. Enormous growth, macroeconomic policy and geopolitical uncertainties pervade the outlook and foreign exchange...
The five biggest market surprises of 2023
FINANCIAL markets will always produce surprises. After all, by the time a consensus has formed, people will have bought or sold accordingly...
Yield uncertainty will persist even if the Fed is done raising rates
A SIMPLE logic has played out in markets this month. Price movements point to an anticipation that the Federal Reserve is done...
Markets in an era of clashing superpowers
ARE we entering a new era? And does it matter?
China offers record cash infusion to keep rates low for growth
CHINA has taken a fresh step to ensure funding costs in its financial markets are sufficiently low, so that a tentative pickup...
Investment strategies require an overhaul over the next five years
IT’S been a tough five years for investors. A traditional portfolio evenly divided between equities and bonds has made a paltry 1...