Research
Inter-linkages among different asset classes: Equities and Credit
Globalization and increased capital flows have led to equity markets across different parts of the world to be highly correlated, and this is a well-accepted data point. Less well understood are the high inter-linkages among different asset classes. This research piece looks at two large asset classes – equities and credit.
Uncertainty: Impact on Economy and Financial Markets
“Uncertainty” is not just a nebulous concept. It is identifiable as Economic Policy Uncertainty, Political Uncertainty, or a combined measure of Uncertainty. It can be measured for the U.S and globally, and its impact on the economy and financial markets has been analyzed and quantified
Strategic Equity Allocation Insights
The ‘Buffett Indicator’ defined as [Total Stock Market Capitalization/Gross Domestic Product] in the U.S. is at record high; 2020 YTD average at levels just prior to bursting of the dot-com bubble.
Signs Of Global Recovery
Global manufacturing back in expansion, more than half the world in expansion now, along with high frequency indicators from the NY Fed indicate tailwinds to an U.S recovery.