Beyond Bulls & Bears

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Perspectives

Beyond the Headlines: Finding Opportunities in Today’s Markets

Looking broadly across the globe, we believe many people are overestimating the negative or catastrophic impact of trade policy on emerging markets. There are still many, many potential opportunities there, in our view.

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Perspectives

Meet the Manager: J.P. Scandalios

The technology sector is synonymous with innovation. Innovation can lead to disruption but that disruption also has the potential to generate massive economic returns over time—more so than any other sector, in my opinion.

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Perspectives

The Cutting Edge: Not Just for Tech Companies Anymore

The ‘military grade’ cybersecurity technology that we expect will be developed may eventually become the standard for the private sector, which will likely be a boon to sectors such as financials and utilities, which tend to be more vulnerable to cyber attacks than others.

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Fixed Income

Does Dutch Election Result Signal an End to Europe’s Populist Surge?

The Scottish government’s demand for a second independence referendum should not have come as a surprise to most observers, but the timing could scarcely have been more awkward for UK Prime Minister Theresa May.

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Fixed Income

Why Fixed-Income Investors Shouldn’t Fret About Fed Tightening

We view Fed tightening with a positive lens and believe there are still plenty of potential opportunities within the fixed-income landscape for investors.

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Perspectives

Notes From the Trading Desk – Europe

Given the improving macroeconomic data we have seen from the eurozone of late, there was a good deal of scrutiny on ECB President Mario Draghi’s press conference to see if he would step back from his dovish stance. Draghi appeared keen to be careful not to unsettle markets with excessively hawkish rhetoric.

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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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Perspectives

How Rising Inflation Could Ride to the Rescue of Eurozone Earnings

Recent experience suggests that equity markets in general have a problem pricing in political events and elections. However, we believe politics does not drive equity markets long term; rather, politics provides a short-term opportunity to take advantage of longer-term trends.