Who gets the keys for the policy road ahead?
The summer travel season reminds me of family car trips that seem a bit longer on the return home after a vacation. Similarly, the Fed’s extended pause and anticipated arrival at a terminal rate has seemed, well, interminable. At the beginning of the year, markets were starry-eyed children expecting a quick trip (several interest rate […]
How might investors withstand ‘AI FOMO’?
Video transcript The story of the equity market over the last 18 to 24 months has been the dramatic outperformance of the Magnificent Seven stocks, largely because of this AI FOMO trend that’s been going on, artificial intelligence, fear of missing out. So those seven stocks over the last 18 months are probably up 120% […]
The ‘great rotation’?
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Investors step up plans for the ‘Trump trade’
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Une impasse:
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And markets shrugged…
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Much to celebrate, much to discuss
If cash is king – and we certainly think so – it held court last month in Pittsburgh. The annual Crane Data Money Fund Symposium took place in the conference centre attached to our global headquarters, and what a court it was. More than 600 portfolio managers, salespeople and clients came to celebrate the industry’s […]
Lula’s spending plans unnerve Brazilian investors
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Does the Fed play dice with the financial system?
God does not play dice with the universe, according to Einstein, but, if he did, the outcome would look something like the chart below – only with somewhere between a vigintillion and acentillion of different particles to rearrange instead of two, six-sided die. Chart 1: Towards entropy Source: Entropy (gsu.edu) The double-die example (as opposed […]
Our outlook for India: The view from the GEMs desk
The excitement about India has resulted in rich valuations. How are you thinking about the valuation of Indian markets and how are you positioned? On valuations, with any metric we look at, the Indian market does screen to be expensive – but we have to think about why investors pay a premium for India, and […]
