Beyond Bulls & Bears

Why We’re Not Panicking about China

Why We’re Not Panicking about China

On the whole, our view remains that underlying conditions in the Chinese economy are fundamentally more stable than markets have recently indicated.

European Drama Hasn’t Derailed US Growth

European Drama Hasn’t Derailed US Growth

We believe headwinds to growth have been easing and what the current leg of the US expansion has perhaps lacked in intensity may very well be made up for by a transition to a more durable or lengthy expansion.

Eurozone Looks to Heal Its Greek Crisis Rifts

Eurozone Looks to Heal Its Greek Crisis Rifts

Bringing eurozone countries closer together will be the focus of the region’s leaders for the next couple of years. So, if we have another crisis in the region, hopefully this drawn-out, painful scenario isn’t repeated.

Eurozone Contagion Fears Flare as Greek Crisis Enters Crucial Phase

Eurozone Contagion Fears Flare as Greek Crisis Enters Crucial Phase

We should not forget the long-term focus of our investments. The overall fundamentals in Europe haven’t changed, and remain positive in our eyes.

Are European Profits Poised for a Comeback?

Are European Profits Poised for a Comeback?

I believe the positive (earnings) trend will continue due to a handful of macro factors including labour reforms, lower borrowing costs and, especially, the depreciated euro, which all could help companies grow their profits.

Looking Beyond the Babble over Bubbles

Looking Beyond the Babble over Bubbles

Longer term, we do not think an increase in interest rates would necessarily be a negative for equity markets, particularly because a return to normal rates would be regarded as a sign of the Fed's confidence in the strength of the US economy and its belief that the economy could stand on its own.

Two Pillars Support US Growth: Consumers and Corporates

Two Pillars Support US Growth: Consumers and Corporates

While we believe the current strength in the dollar will likely persist going forward, we don’t see it as a meaningful detractor from earnings growth for many companies over the long term.

Bears Gather around the Goldilocks Eurozone

Bears Gather around the Goldilocks Eurozone

The eurozone is currently offering what we would regard as an ideal environment to generate growth, so we’d certainly be slightly concerned if the economy there was not growing.

A Look at South Korea

A Look at South Korea

As long as the global macro environment remains stable and the South Korean government continues enacting pro-growth policies, we think the outlook appears bright for South Korean equities for the rest of 2015.

Why Oil Price Rally Isn’t a Surprise, but Iron Ore’s Price Should Stay Low

Why Oil Price Rally Isn’t a Surprise, but Iron Ore’s Price Should Stay Low

While oil has dealt with a relatively recent increase in supply, iron ore has been suffering through a long-term glut. And, based on our analysis of future supply/demand trends, we expect the abundance of iron ore to continue—and possibly increase.

Storm Watchers and the Search for Income
Alternatives

Storm Watchers and the Search for Income

It is significant that the effect of both a strengthening dollar and falling commodity prices might be expected to be felt particularly keenly in emerging market economies.

The Commonwealth & Commodities: Australia, Canada and New Zealand

The Commonwealth & Commodities: Australia, Canada and New Zealand

In much the same way that elevated terms of trade benefitted past growth, the recent drop in commodity prices has acted as a strong headwind to future growth.