Rising and positive real yields continue to be a major headwind for gold over the short-term.
Gone are the days when China could point to soaring real-estate prices and rising incomes to justify endless new construction.
If you were walking down the street and saw a $100 bill just sitting near the curb, would you pick it up?
This morning I had to laugh when I saw an email that read, “Winter Is Coming – Owning Puts Is Not Enough.”
After nearly three years of the economic and financial market distortion due to COVID lockdowns, money printing, and massive government borrowing, some of these distortions are subsiding
We see central banks on a path to overtighten policy.
Americans will vote in the midterm elections next Tuesday.
“If the Fed loses its independence, the age of magic money could end in catastrophe”.
U.S. equities are declining, struggling to continue the past two week’s positive momentum.
On Thursday, October 21 stock plunged following a sharp rise in consumer prices.
Is a “lost decade” ahead for markets? Stanly Druckenmiller believes that could be the case.
Governments will have to resist the temptation to address stagflation with stimulus.
The uncertainty of a looming recession and high market volatility makes almost all investment options look doubtful as investors search for safe and reliable investment tools.
The U.S. economy is weak, as GDP numbers in both the second quarter and the third quarter have shown. The fundamental reason why the U.S. economy grew 2.6% during the third quarter of the year was because Net Exports, which is exports of goods and services...
Russ Koesterich, CFA, JD, Managing Director and Portfolio Manager, of the Global Allocation team discusses whether markets have bottomed or not.
Equity investors are trying to figure out whether steep share-price declines have led to attractive valuations, given mounting threats to fundamental business performance. The answer varies from company to company and requires an active equity investing approach to separate winners from losers.
In 1990, a new tech start-up was spun out of Apple to invent the future.
I literally grew up in the oil patch: Wise County, Texas, 60 or 70 miles northwest of Fort Worth in a little town called Bridgeport. The two first-generation Greek immigrant brothers who became Mitchell Energy talked old man Christie into funding Christie, Mitchell and Mitchell and they drilled (hundreds?) of natural gas wells which they eventually sold to an Illinois utility. This was in the 1950s and ‘60s.
The central bank noted that substantial progress has been made in withdrawing monetary policy accommodation, and expressed concerns around growth and policy transmission lags.
Review the latest Weekly Headings by CIO Larry Adam.
It is unlikely that US corporate defined benefit (DB) pensions will have to face liquidity issues like those UK DB pensions recently witnessed, primarily because of their different approach to valuing liabilities, varying use of derivatives/leverage, and therefore a different investment style of liability-driven investing (LDI), according to Franklin Templeton Fixed Income’s Tom Meyers.
As investors weigh conflicting economic data and the prospects for a Fed pivot, precious metals markets are quietly basing out.
Weakening jobs picture will signal that Fed tightening is working as intended.
In this Global Macro Update, we discuss the trifecta of trends that caused the current inflationary environment… why an economic slowdown won’t cure inflation... the three sectors every investor should own today… and much more.
Short-term bonds currently offer higher yields than longer-term ones, but there are risks in holding only short-term bonds.
Last week, the FOMC published its minutes from the September meeting, confirming its recent stance that Fed rate hikes will continue until inflation is vanquished.
It has always been important to separate one’s political views from one’s investment portfolio.
Quality investing is an approach well suited to small cap equity.
It has been widely reported that President Biden made a plea to Saudi Arabia to increase oil production earlier this year in an effort to get oil prices down ahead of the mid-term elections.
Is tax drag holding your clients back?
Markets can have more sway over policymakers than vice versa, as demonstrated in the U.K. recently.
Now that the Party Congress is over, Xi Jinping has one big decision to make. Sinology explores.
The balanced portfolio strategy of allocating 60% to equities and 40% to fixed income generated a highly satisfactory 7.9% annualized return over the last 30 years.
Technology stocks have been pummeled this year, leading some investors to question the sector’s future.
In recent reports, we’ve been highlighting that innovation—as a factor represented by R&D as % of sales—has stopped underperforming and it is selling for an attractive valuation.
Franklin Mutual Series believes that fewer value investors in the market today may mean better opportunities for those who remain.
In this piece, we update our valuation charts and commentary, with additional details on our methodology available upon request.
Newton's First Law of Motion states that an object in motion tends to stay in motion unless an external force acts upon it.
Despite crypto markets being one of the hardest hit throughout the bear market that has engulfed almost all risk assets over the past 12 months, we have seen crypto not only hold up relatively well since the June lows but indeed be one of the better performing asset classes.
It is difficult to convince yourself that if things are going a certain way they will not continue down the same path indefinitely.
The Federal Reserve finally stopped referring to inflation as “transitory” earlier this year and got serious about trying to control the painful rise in prices it has caused.
U.S. stocks are trading mixed in pre-market action.
There are lots of “total return” bond funds these days, almost a half century since I innovated the concept in 1987.
In North America and the U.S. specifically, the hunt for lithium, a key component of batteries used in electric vehicles (EVs), has historically trailed a handful of other countries.
After a decade of decadence in which the base money supply was multiplied more than seven-fold in an effort to prevent deflation, broader measures of money supply and consumer prices may have only just begun catching up.
Most investors we talk to think the US is already in a recession or that a recession will start by the end of 2022. We think they’re wrong on both counts.
Investors love easy-to-follow “rules.” The simpler, the better.
Stocks rose last week (S&P 500 +4.7%) after falling to a 2.5 year low the week before. The increase was attributable to technical and sentiment reasons, but also Q3 earnings reports coming in less bad than feared.
“Recession Fatigue” is setting in as consumers struggle under rising interest rates, high inflation, and a declining stock market.
Internal priorities and external circumstances have brought China's growth to an inflection point.
