A wary Fed
The markets can be sure of one thing about the members of the Federal Open Market Committee: they are uncertain. During his press conference after they met yesterday, Federal Reserve (Fed) Chair Jerome Powell used the word liberally with respect to the outlook, the impact of trade policies, forecasting and the balance of risks. In […]
German spending bill bolsters Europe rebound
market snapshot
The emergence of Gen-Z
Chartology
Tariff tensions shake Wall Street
market snapshot
America’s allies shore up their defences
International investors with an eye on the news will have been aware of some seismic shifts lately. At the recent Munich Security Conference, US Vice President Vance made it clear to the European NATO nations that they will have to do more to strengthen their own defence capabilities and security. Next came the much-discussed White […]
Strapped to the mast
Video transcript Overall, our outlook on equity markets around the world – from the US, Europe, and even emerging markets – is pretty positive on a two-year, even a three-year view. The issue is that in the near term there’s a lot of ‘sausage making’ and noise that could distract us and cause some volatility. We […]
Steering through the fog of policy uncertainty
I just got back from the ABA Wealth Management conference in sunny San Diego. There, Strategas’ Dan Clifton and I talked about President Trump’s actions, their market impacts and how we, as professional investment managers, would translate these developments into portfolio adjustments for the post-election landscape. The opening days of the second Trump administration have, […]
A week is a long time in (geo)politics
market snapshot
Trump tariffs threaten European stock rally
market snapshot
Trump, again
With the second Trump administration now a month old (not a short month!), I’m devoting this special issue to the new president’s plan of action and the implications for the markets. History For analogy to the present day, one must look to the nineteenth century. Trump’s House majority is the smallest since the Civil War, […]
