Feb 1, 2021 1:05 pm
• Commentary on bubble-like equity market conditions has reached a frenzy. • Equity market valuations are stretched, but that is not a useful signal for predicting a sell off. • The long term factors that have supported exaggerated valuations are still very much in play. • Would investors really substantially sell equities ahead of President…
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Jan 25, 2021 3:08 pm
• COVID cases continue to climb but market focused on President Biden’s promises. • Asian data shows strong exports led principally by manufacturing. • Emerging market debt challenged but still able to perform. • Vietnam awaiting political news and primed for further performance. • Corporate results season expected to beat expectations. • Nothing expected from…
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Jan 18, 2021 12:47 pm
• $190 trillion emergency package expected within days • Infrastructure “Build back better plan” expected in February • Acceleration of COVID 19 vaccine distribution • Global trade antagonism toned down • Financial markets like the support for growth but wary of a build of inflations Viewed from all possible angles, the start of the Biden…
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Jan 11, 2021 3:43 pm
• Even trouble in Congress can’t stop the bull run in asset prices. • Biden’s majority in both houses opens the prospect of further significant fiscal support. • Eurozone policy makers have yet to respond to the aggravated COVID crisis. • US inflation-linked bonds discount a lot of inflation but we don’t believe the Fed…
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