Global Clients, Global Portfolios
Research commentary published April 2013 – September 2017
7 entries · February 13, 2015 to February 27, 2015
February 27, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s chart book, including updates on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards,…
February 18, 2015 · by James C · Filed under Investing Ideas
Leading indicators show tentative signs of stabilization (relative PMIs), and there is still substantial pent up demand (savings ratio of 13% and net investment is 1/3 its normal levels). Bank balance sheets have stopped contracting and money supply is now…
February 18, 2015 · by James C · Filed under Investing Ideas
The explicit policy of the Bank of Japan and Government of Japan is to weaken the Yen, create asset price inflation, and support economic growth. Abenomics had a positive impact during 2014, and more accommodative initiatives are expected in 2015…
February 18, 2015 · by James C · Filed under Investing Ideas
Falling energy sector profits and a rising dollar will be less of an earnings headwind for small-cap stocks given lower energy sector exposure and a greater proportion of sales derived domestically. (Small-caps derive 18–20% of earnings outside the US compared…
February 18, 2015 · by James C · Filed under Investing Ideas
Select industries in the Technology sector are among the fastest growing segments of the market. The US technology sector is attractively valued given its solid long-term earnings growth, improving cyclical outlook, accelerating cash distributions to shareholders, and exposure to secular…
February 13, 2015 · by James C · Filed under Charts to Watch
Please use the link below to access this week’s update on global financial conditions, fixed income markets, world equities, economic data, major currencies, and commodities. Feel free to contact us with any questions or requests. Best Regards, James disclosure: The…
February 13, 2015 · by David A · Filed under Portfolio Notes
January Comments The MSCI ACWI was down -1.56% in January, but just over half of the countries had positive returns for the month. The US was down -2.85%, which significantly brought down the benchmark index. USD strength had a major…