Global equity markets started 2020 priced for a goldilocks scenario: a low interest rate environment, accommodative central banks, a thawing trade war between the United State and China, and a global economy continuing to churn out slow growth a decade after the Great Financial Recession. Even as early macro events threatened investor sentiment (Iran/U.S conflict of 2020, the accidental shooting down of Ukraine International Airlines Flight 752,..
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Much of what we wrote earlier this week still holds true today, but here are the latest developments to our investment outlook given the week’s events.
The market is clearly repricing risk and more importantly reassessing growth, both economically and globally, as well as the underlying effect to company earnings. It’s important to revisit the fundamentals of asset valuation. Global capital values are established by future economic profits; are..
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In Lewis Carroll’s novel Through the Looking-Glass (the sequel to the classic, Alice’s Adventures to Wonderland), Alice once again enters another fantastical world of adventure. Key themes throughout the novel include the reversal of logic and of course, chess. Chess at its heart is a game based on logic and combines both short-term actions as well as setting up long-term endgame scenarios. This is very much similar to investing and specifically..
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