Fuzzy picture
A common misconception about money market products is that they are only concerned with short-term economic developments because daily liquidity is a defining feature. But cash managers seek to gain higher yields than deposit products by investing across a longer time horizon, often out to a year. Noise in the data and news is no […]
A big-swing budget
market snapshot
Strategic Value Dividend: Why now, why always
Why do dividend-paying strategies make sense? Video transcript For the dividend investor, the ‘why now’ question really is a ‘why always’ answer. The math of dividend investing is one that works out over years, if not decades, of being a business owner through the stock market. It implies a certain degree of patience and watching […]
Is the auto sector stuck in second gear?
Fast reading Q2 2024 results revealed a slowing demand for cars, especially in Europe and China, because of elevated interest rates and a soft economic environment. Automotive suppliers are more negatively impacted compared to their original equipment manufacturer (OEM) customers. Protectionist measures in response to the influx of cheap Chinese electric vehicles have created a […]
MNA: the building blocks of the euro bank merger cycle spring back to life
Stripped down to the basics, life on Earth offers local respite from the universal, inexorable drift towards entropy by using information to create order from chaos for the price of energy. The anti-entropy trick in all living cells relies on three key molecules that orchestrate, implement, and fuel an intricate, ingenious cycle: deoxyribonucleic acid, better-known […]
A guide to fixed income and the US election
Fast reading The race for the House of Representatives and the Senate is also too close to call. The uncertainty has prompted slightly more defensive positioning, at least in the short term. There is a decent cushion to total returns this year. The rate outlook and supportive fundamentals means this is unlikely to change, but […]
Decades in the making: MDT Advisers
Who is Federated Hermes MDT Advisers? Video transcript MDT Advisers is the active quantitative equity arm of Federated Hermes. MDT is a US equity-focused investment manager; today we manage nearly US$12bn across several US equity strategies, including a market neutral strategy. While the name ‘MDT’ may not be familiar to you, we have been around […]
A false dawn for China?
Market snapshot
Stock market looking to run the table
One mystery that the Bears forever struggle with is how stock markets are fuelled by the Wall of Worry. Try as we all might to find problems that the market doesn’t already know about it, and hasn’t already reflected in valuations, time after time the markets rally into those very concerns. Everyone is analysing the […]
Everything you wanted to know about elections and trade finance
(but were afraid to ask)
