The Global Markets Channel

Asia on Sale

As Russ notes, in a world with few bargains, one stands out: Asia.

Of Currencies, Trade and Other Clouds

Emerging markets have struggled in the first half of this year amid a storm of uncertainties. Franklin Templeton Emerging Markets Equity’s Chetan Sehgal examines issues that have acted as clouds on the asset class—including a stronger US dollar and trade skirmishes...

Iran Sanctions and Potential Responses: Part I

Trump withdrew from the nuclear deal with Iran in May. Although the rest of the signatories remain committed to the original agreement, the U.S. plans to implement sanctions on Iran in two phases.

The Pool of Tradable Stocks Is Shrinking. Here’s What Investors Can Do

The number of publicly listed companies in the U.S. has fallen steadily since 1997. More companies have delisted, in fact, than gone public in every year of the past 20 years except one, 2013. Put another way, the pool is getting smaller even while the population and economy are expanding.

S&P 500 Snapshot: Index Drops 71 BPS from Thursday

The S&P 500 started Monday climbing, only to stay in a narrow range through the rest of the week, closing Friday down 0.71% from Thursday and below its Monday open. The index closed with a weekly loss of 0.25% and is up 5.10% 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, up fractionally from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.50%, down from 2.64% last week. The WLI Growth indicator is now at 0.6, also down from the previous week.

Why Emerging Market Stocks Are Looking Cheap

As Russ explains, dismal performance of emerging markets this year has make them look like a bargain again.

Speeding Toward Brexit, Some Off-Ramps Emerge: A Dialogue with Lord Kerr

The Brexit clock is ticking as the United Kingdom’s departure from the European Union (EU) is set to take place in March 2019. But is the UK ready to leave? And is there still a chance it won’t?

Are Commodities Signaling a Shift Away US Equity Leadership?

Most commodities have suffered lately with the backdrop of tariffs and China’s devaluation. But some have fared worse than others, and there is information content to the relative move in commodities. While copper catches many of the headlines (i.e. Dr. Copper, the metal with a Ph.D in economics) the most significant decline has occurred in lumber.

Schwab Market Perspective: Balancing Act

Stock indexes have been able to move higher as the balancing act between economic growth and investor concerns continues—but how long will it last?

The Distribution of Pain, Redux

This week I have something special for you: an update of “The Distribution of Pain,” one of 2017’s most popular letters. I say “popular” just in terms of feedback and reprint requests. It was thought-provoking but also sobering. I started with the original version, re-edited to clarify a few points, and added some new comments. It is still a timely, important topic.

Wait Until You See the Price of Gold in Venezuela Right Now

Last month in Venezuela’s capital city of Caracas, a cup of coffee would have set you back 2 million bolivars. That’s up from only 2,300 bolivars 12 months ago, meaning the price of a cup of joe has jumped nearly 87,000 percent, according to Bloomberg’s Café Con Leche Index. And you thought Starbucks was expensive.

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.