China Plays It Cool
This year, China is in the headlines because President Trump wants better trade terms. That’s important, but it’s only one piece of a much larger Chinese story that has been unfolding slowly for decades. Periodically, I check in on the latest developments. Today, we’ll see where we are, with the help of my trusted sources.
Commodities Are Flashing a Once-in-a-Generation Buy Signal
The investment case for commodities, gold and energy is more compelling than at any other time in recent memory.
S&P 500 Snapshot: Up 0.5% WoW
The S&P 500 rose and fell this week, ending Friday up 0.5% from the same time last week. The index was down -0.85% from Thursday and is down 0.95% YTD.
ECRI Weekly Leading Index Update
This morning's release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.9, up 1.1 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.71%, up from 2.70% last week. The WLI Growth indicator is now at 3.2, down from the previous week.
China’s Growth Rebalancing Provides Opportunities for Bond Investors
After a decade of relying on investment and exports for growth, China’s effort to rebalance its economy toward consumer-led growth is well underway and should continue to build steam in 2018.
Market Outlook: Don't Forget Your Umbrella!
Market volatility does exist! After a year of all-time low volatility and booming stock and bond markets, investors received a wake-up call in February when equity indexes around the globe sold off by as much as 10% in a matter of days.
New Lows YTD in Chinese Stocks & Highs in Latin America Stocks/Bonds
Last night the China Shanghai CSI 300 index fell a bit more than 1.6%, taking out February lows and setting a new YTD low for the index. This is important since the global equity markets have a very high correlation to Chinese stocks.
Checks and Balances
How much debt is too much? [Carl/The Northern Trust Economics team] digests the outlook for debt across countries and levels of government, recaps the most recent outlook for the U.S. fiscal situation, and contrasts China’s current ascendance with the historical example of Japan.
Which Has the Bigger Economy: Texas or Russia?
You’ve no doubt heard that everything’s bigger in Texas. That’s more than just a trite expression, and I’m not just saying that because Texas is home to U.S. Global Investors.
How I Own My Gold
Those who own gold often argue how to best own it. I encourage anyone holding gold to assess the pros and cons of different choices of gold ownership to make an educated rather than emotional decision.
What a Trade War Means for Asian Bonds
Media reports have been focusing on a “trade war” following President Donald Trump’s decision to impose tariffs on up to US$60 billion in Chinese imports, targeting technology products.
Leadership Lessons from Starbucks
Great leaders are not just willing to adapt to the changing dynamics of the marketplace – they are eager to do so. How that lesson played out for Starbucks over 20 years ago is relevant for advisors today.
Turn Turn Turn
Quarterly commentary giving an overview of the markets and the importance of having and implementing a strategy when investing in the markets.
First Quarter Marked by Return of Volatility
The S&P 500 nine-quarter win streak has ended, with stocks down in a volatile first quarter. Bright spots in the quarter’s market performance included: growth, small caps, technology, consumer discretionary, and emerging markets. While risks remain, market fundamentals have not deteriorated and economic growth remains on pace.