Beyond Bulls & Bears

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Equity

French Election Result: Macron Wins, But Can He Deliver?

There were no surprises as French voters elected Emmanuel Macron as their new president after the second round of voting.

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Equity

US Equities: Policy Smoke or Solid Pillars?

We continue to see potential opportunities in many sectors of the market, but one area we are particularly excited about is the technology sector. Even more exciting and less obvious are the behind-the-scenes, technology-driven transformations taking place in many industries outside of the technology sector.

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Equity

The Current State of the US Utilities Sector

Speculation about further interest-rate increases and potential tax reform has caused some market disruption and volatility, which could continue, but we still see a healthy investment backdrop for the utilities sector in general.

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Equity

UK Spring Budget: Out with a Whimper, Just as Hammond Hoped

The [UK] chancellor painted a becalmed picture of steady economic growth for the United Kingdom. Of course, that picture may be at odds with many people’s expectations, particularly given the likely Brexit negotiation process due to take place during that period.

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Equity

Union Budget 2017-18: Key Takeaways

In our view, the 2017-18 Union Budget struck a balance in regard to projected government spending—tackling the deficit, while supporting sector growth through public spending.

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Equity

Australian Equity Outlook: The China Connection

We believe the change of administration in the United States could well presage significant political and economic change. The most obvious risk to Australia is trade protectionism.

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Equity

Could the Rally in Global Equities Keep Rolling?

If a policy-driven boost to growth doesn’t materialize, the markets, which have moved on the possibility of real change, could reverse just as fast.

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Equity

The Sectors Most Likely to Cheer US Tax Reform

It’s always tough to gauge the impact of policy shifts in isolation. However, we think broad tax reform combined with other fiscal stimulus measures, such as infrastructure spending and repatriation of foreign profits, can be very effective (at least in the short term) in providing a boost or acceleration in gross domestic product growth over the next several years.

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Equity

Europe’s Main Event: Economics vs. Politics

I believe the concerns (US President Donald) Trump has regarding trade with Mexico and China would not apply to Europe. Europe is not a low-cost area, not only where wages are concerned, but also where taxes are concerned.

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Equity

Meet the Manager: Serena Perin Vinton

(Jerry Palmieri) made me realize that in this business, experience does matter, and portfolio managers can become more seasoned and better investors over time by learning from that experience.

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Equity

Is There Scope For Optimism in Europe in 2017?

We are confident that we could see a decent earnings recovery in sectors whose earnings have been depressed for a couple of years (financials, energy), while cyclical sectors overall should likely benefit from a stronger economy overall.

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Equity

Politics, Policy Uncertainties Likely to Sway Markets in 2017

As markets get more clarity on the emerging policy backdrop, we believe companies with strong growth potential that the market has overlooked will likely fare well over the longer term.