Summary Non-U.S. stocks have been on fire as of late. After years of chronic underperformance relative to the United States, both developed international and emerging market stocks have been strongly outperforming over the last few months. This recent development raises a worthwhile question – have we finally arrived at the point where non-U.S. markets are ready to take the sustained …
Economic & Market Report: Investing’s Rich Pageant
Summary Maria: “You should get out of these clothes immediately. You’ll catch your death of pneumonia, you will.”Clouseau: “Yes, I probably will. But it’s all part of life’s rich pageant, you know?” A Shot In The Dark, 1964 After more than a year of a back and forth downward slide, stocks continue to struggle. Frustrating indeed, but such challenges are all part …
Economic & Market Report: The Other Side Of The Mountain
Summary We have begun the descent down the other side of the mountain. The long dormant inflationary pressures that erupted nearly two years ago are increasingly subsiding. Assuming this trend continues, this has important implications for the capital markets outlook as we move through the coming year. The impact on some asset classes may take time to materialize, while other …