Month: March 2019
Wealthfront bets on ‘self-driving money,’ following Netflix’s playbook — not Wall Street’s
The terms “wealth management” and “viral sensation” are rarely used in the same sentence. Andy Rachleff, co-founder of the robo-advisor Wealthfront, is betting his retirement years he can change that. After a career spent investing in Silicon Valley start-ups, Rachleff is looking to take robo-advising the way of household tech names like Netflix. He and …
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Risk Aversion to Come Back in Q2 as Stocks and Yields Recouple
Intensifying recession fear was the main theme in the markets in March, alongside never-ending Brexit and trade tensions. With downside risks to growth starting to materialize, major global central banks started their dovish turns. Most notably, Fed now forecasts no rate hike this year. ECB will keep interest rates unchanged at least through the end …
Risk Aversion to Come Back in Q2 as Stocks and Yields RecoupleRead More
The future of Brazilian stocks hinges on two words: Pension reform
Brazilian stocks are off to a solid start in 2019, but whether they can continue to climb depends on one major policy shift: reforming Brazil’s overcrowded public pension system. Brazil’s benchmark stock index — the Bovespa — reached an all-time high earlier this month and is up 8.6 percent for the year. The most widely …
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Weekly Economic and Financial Commentary: What Lies Beyond the Soft First Quarter?
U.S. Review Resiliency in the Face of Uncertainty The U.S. economy continues to show a great deal of resiliency in the face of slowing global economic growth and a whole host of geopolitical uncertainty. Falling long-term interest rates have raised fears about a recession but have also halted the slide in home sales. Consumer confidence …
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The Weekly Bottom Line: When the Downside Risks Loom Large
U.S. Highlights The U.S. economy expanded at a slower pace than previously reported in the fourth quarter (2.2% vs. 2.6%). This left annual average growth at just below the 3% mark, though Q4/Q4 they were just able to hit that psychological marker. Housing starts declined in February, though the sale of new homes picked up. …
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April Optimism Could be Key Turning Point for Global Growth
The US dollar climbed higher as markets balanced out global growth concerns along with optimism a trade deal was nearing between the two largest economies in the world. US economic data painted a mixed picture with the earlier data in the week confirming slowdown worries. The focus is expected to shift away from the 3-month/10-year …
April Optimism Could be Key Turning Point for Global GrowthRead More
Down but not out, Romania is just a riskier bet
The cards have been stacked against Romania in a turbulent year Analysts have downgraded Romania in Euromoney’s country risk survey according to preliminary results for Q1 2019 to be officially released next week. The country has come through a turbulent year, characterized by political and social instability stemming from the pursuit of legal reforms, and …