Global integration has clearly not stopped, but it is changing. Even with the pandemic’s disruption of global supply chains and rising U.S.-China tensions, investors should continue to count on a world that seems to be further integrating, rather than falling apart.
FIFO gives China the global distribution edge across export sectors, even those that fell.
Something will at some point, but the most plausible downside scenarios still look like a stretch for this year and next.
With the Fed’s “tapering” clock now officially ticking, many Emerging Markets face an even more urgent challenge to tackle the pandemic.
Even as the U.S. economy rockets higher, last week's jobs miss will start to raise questions about what is a sustainable trajectory.
Exceptional garden pinks and yellows mark the arrival of seasonal spring, but the world’s economic data outline a “coiled spring".
The Fed doesn’t need to act anytime soon, but Powell needs to reassure investors that he sees the same strong data they do.
Markets have learned to brace for each new set of measures, but now it’s more important to watch for any evolution in the bilateral relationship.
Inflation fears look exaggerated so far, but risks buried deep in balance sheets can never get too much attention.
Markets should worry less about inflation and more about government investment that produces higher rates of sustainable growth.
As investors increasingly seek strategies that both deliver returns and advance core values, asset managers have been testing different approaches.
Slow vaccination programs continue to delay the reopening of EU economies. The Fed showed that even with better growth and inflation outlooks, it remains committed to its accommodative stance. Elsewhere, China activity data so far this year shows the uneven recovery continues.