When companies approach extreme price levels, gravity looms
Some lessons for those investors tempted to chase the Trump trades
A distinction with so-called periphery countries is out of date
On most dimensions, the policy mix of incoming president is positive for US equities
Incoming administration’s policies might eventually lead to decrease in US LNG exports to EU
If Trump imposes larger tariffs, the renminbi and US currency pegs will come under pressure
Over the incoming president’s second term, the risks of crises may unwind the greenback’s strength
The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off again
New administration must find a way to maintain growth while repositioning the economy
Longer-term equity, asset class and sector returns are not generally reflective of a presidency
Even when there is a clear policy shift to trade on, timing and implementation of changes is critical
Conditions are reverting to a time of solid, sustainable growth
History shows us that markets move forward regardless of who wins US elections
Governments should consider lower rates for investment activities that drive innovation
Partisanship continues to pollute results of influential surveys of consumer and business sentiment
US central bank risks reviving inflation if it keeps lowering the federal funds rate in pursuit of a nirvana state
Non-investment grade public and private debt now offer prospective returns that are competitive with equities
Buying of the precious metal reflects rising interest in alternatives to the dollar-based financial system
Adoption of new settlement cycle has led to greater efficiency, increased liquidity and enhanced risk mitigation
Given the pile of maturing financing, 2025 and 2026 will prove challenging years for investors
Fiscal indiscipline looms as the biggest threat after central bank battles to slow rising prices
The neutral ‘R-star’ level will be higher but the more notable change will be a steepening of the bond yield curve
Technology and self-sufficiency matter more than growth and profits
There are reasons to challenge the ‘they’re just better’ narrative used to justify overweight positions in American stocks
Many proposals coming from both political parties make little sense and would upend the principles of a fair and efficient system
