More “Stagflation-Lite”, Moderately Positive On Equities Ex Europe, Still Negative On Global Bonds
Our mid-March meeting’s “unenthusiastic” stance on global equities and negative stance on global bonds was a respectable decision, as was the overall macro theme “Stagflation Lite with GDP somewhat worse than consensus, but skirting recession.”
3 Charts Showing Optimism For The Global Shipping Industry
Container shipping companies have not been immune to the disruptive factors roiling markets at the moment, namely rising interest rates, soaring inflation and a potential recession, not to mention war in Eastern Europe.
Portfolio Perspectives – Recession or Not, That’s the Question
Accelerated interest rate expectations, hotter than expected inflation, a protracted war in Ukraine and continued Chinese COVID uncertainty form a challenging backdrop for markets. As the earnings outlook deteriorates and global economic growth slows, the big R word is on everyone’s mind. Can the U.S. escape a recession should Europe and other key countries experience deteriorating real growth? Jon and Michelle will discuss the macroeconomic landscape and positioning portfolios for the current environment.
A $2 Trillion Free-Fall Rattles Crypto to the Core
For a generation of alienated techies, crypto's all-for-one ethos was its biggest draw. Now panic is spreading across this universe — and that same ethos is posing what may be the biggest threat yet to its survival.
World Markets Update: June 27, 2022
All eight indexes on our world watch list posted losses through June 27, 2022. The top performer is London's FTSE 100 with a YTD loss of 1.71%. Hong Kong's Hang Seng is in second with a loss of 4.99% and Tokyo's Nikkei 225 is in third with a loss of 6.67%. Coming in last is Germany's DAXK with a loss of 19.6% YTD.
Metals Haven’t Crashed This Hard Since the Great Recession
Industrial metals are on track for the worst quarter since the 2008 financial crisis as prices are pummeled by recession worries. Copper, the great economic bellwether, has ricocheted into a bear market from a record four months ago, while tin just tumbled 21% in its worst week since a 1980s crisis froze London trading for four years.