What's Driving the Downturn in Asia's Markets?
Matthews Asia CIO Robert Horrocks says markets may have overreacted in Asia to news of a trade war and tighter money.
As Qe-Era Ends, Income Trumps Total Return
Rieder and Brownback argue that as we depart the era of QE, where rising tides lifted all boats, the income component of total return becomes ever more vital to investor prospects.
The Long Runway for Infrastructure Spending
Infrastructure is not a glamorous topic — it isn’t satirized on late-night TV, nor is it trending on social media. But the need for increased infrastructure investment is real across the globe. Given expected demographic trends, disruption by new technology and insufficient spending in the past, we at Invesco Real Estate believe infrastructure-related companies could be poised for decades of growth.
Bitcoin Miners See a Bullish Breakout on the Horizon
The price of bitcoin surged above $8,000 on Tuesday for the first time since May after the Group of 20 (G20) meeting in Argentina concluded last weekend with little urgency to take regulatory action on cryptocurrencies. In a communiqué, finance ministers and central bank governors expressed confidence that the technology underlying alt-coins “can deliver significant benefits to the financial system and the broader economy.”
S&P 500 Snapshot: Up 0.6% from Last Week
The S&P 500 reached its weekly peak on Wednesday's close and fell back down by the end of the week. It closed up 0.6% from last week and hit its highest since January on Wednesday. The index is up 4.56% YTD (as of Jan. 1).
ECRI Weekly Leading Index Update
This morning's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.8, down 0.6 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.61%, down from 2.80% last week. The WLI Growth indicator is now at 0.8, also down from the previous week.
July 2018 Economic Outlook
Fears of an imminent U.S. recession are premature; tax policy and a more business-friendly regulatory environment provide long-term catalysts for the economy. Although conditions outside the U.S. are less encouraging, positive global growth should continue, albeit with growing divergence among countries.
Tale of the Tape: Equity Investors More Concerned About Rising Inflation Than Slowing Growth
We calculate statistics for all developed and emerging equity markets around the world. For our mid/large cap indexes, we take the top 85% of all stocks in a given region or country and convert all prices into US Dollars.
The Dangers of Inward Thinking
There are a number of changes taking place in the investment environment and they are likely to have an influence on the returns on financial assets for some time to come. When the world’s leading economy, with more than a fifth of global GDP, does not participate in major alliances dealing with matters of security and the environment, this has longer-term investment implications.
Asia's Stock Valuations Open Opportunities
Matthews Asia CIO Robert Horrocks says valuations are nowhere near as stretched in Asia as they are in the U.S.
Perspectives on Disruption
As our analysts and researchers travel the world surveying businesses, they hear a lot about disruption—the ability of new often-technology-backed companies to disrupt the status quo.
Trump May Kill the Global Recovery
In a sharp departure from this time last year, the global economy is now being buffeted by growing concerns over US President Donald Trump's trade war, fragile emerging markets, a slowdown in Europe, and other risks. It is safe to say that the period of low volatility and synchronized global growth is behind us.
Is China Tanking?
Chinese equities have been soft and President Trump is threatening a trade war, but earnings and margins remain firm and China is still the world’s best consumer story.
Convertible Securities: Reason for Optimism in 2H 2018 and Beyond
During the second half of the year, convertibles should benefit in advancing but volatile equity markets. Convertibles have outperformed bonds during rising rate environments. Thanks to their equity characteristics, convertible securities have performed well versus bonds during periods of rising interest rates—including this most recent period.
Advisors Capitulate in the Face of Rising Markets
The potential escalation of tariffs combined with rising rates present a formidable risk for advisors and their investors in the second half of 2018. Avoid betting for or against a trade deal and build in risk managed strategies that position your investors for either outcome.