Markets

Not So Fast on the Cyclical Chinese Recovery November 14, 2019

Posted by Bryce Coward, CFA in Economy, Markets

This morning investors were unfortunately treated to a rather disappointing package of October Chinese economic data. Three of the most important hard data series were reported: fixed asset investment, industrial production and retail sales. Each was lower than the previous month and missed expectations, suggesting…

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Technology & Materials: Do You Take the Over or the Under? November 08, 2019

Posted by Bryce Coward, CFA in Markets

As each day passes and more evidence of some sort of bottom in economic activity emerges, the chances of market rotation into the more beaten down areas of the global equity market would seem to be rising. In fairness, this is likely not 2012 or…

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EAFE Equities: Can they Ever Work Again? October 25, 2019

Posted by Bryce Coward, CFA in Markets

EAFE stocks, those in the developed Europe and Asia regions, have underperformed US stocks in eight of the last eleven years. That batting average might be decent if you are a professional baseball player, but not so much if you are a professional investor. What’s…

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Not QE? October 18, 2019

Posted by Bryce Coward, CFA in Economy, Markets

Last week the Federal Reserve announced the re-commencement of large scale asset purchases in order to alleviate funding pressures that had been bubbling for several months. Much effort has been made by Fed Chairman Powell and other missionaries to explain why this round of asset…

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