Robert Shiller: A Trump effect could drive the record market rally through 2020
Nobel-prize winning economist Robert Shiller believes the record market rally could last months — if not more. He suggests there’s an emotional high gripping the market right now that shows little signs of fading. “I put Trump as the primary...
ETF portfolio trades could be the answer to the credit market’s liquidity concerns
Bank of America published its latest credit investor survey on December 18, which showed that the biggest risk investors are braced for in 2020 is market liquidity: only the second time ever that this factor has been uppermost in investors’...
Defense stocks could soar again in 2020 after massive defense spending jump
U.S. Air Force F-16 Fighting Falcon aircraft assigned to the Thunderbirds perform aerial maneuvers on Aug. 3, 2014. Tech. Sgt. Chris Hibben | U.S. Air Force WASHINGTON — Geopolitical uncertainty coupled with a colossal uptick in U.S. military spending could...
Chip stocks are the top performers of the decade as the industry’s products infiltrate everything
Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war. filonmar | E+ | Getty Images When top-rated analyst Stacy Rasgon initiated his coverage on semiconductors in June 2009, little did he...
IMF deal a boost for Ethiopia’s economic liberalization
Ethiopia’s sprawling capital Addis Ababa Ethiopia’s efforts to open its economy were bolstered in mid-December when the International Monetary Fund agreed a new lending programme which, coupled with the launch of the Addis Ababa stock market in 2020, will encourage...
Weekly Economic and Financial Commentary: Expansion Poised to Continue into the Next Decade
U.S. Review Expansion Poised to Continue into the Next Decade President Trump became the third president in U.S. history to be impeached by the House, but removal by the Senate is highly unlikely. The House also passed the USMCA, which...
The Weekly Bottom Line: Hope for Good Tidings in 2020
U.S. Highlights The House’s impeachment of President Trump did little to detract from broader economic optimism. U.S. equity markets reached new highs this week. Housing and consumer spending data released this week confirmed the narrative of resilient U.S. household demand....
Forward Guidance: Gearing Down for Holidays, But With Some Key Data Ahead
In a week that featured a pre-holiday flurry of (broadly weak) Canadian economic data and plenty of political drama south of the border, the federal government’s Economic and Fiscal Update was in our view the most surprising development. While the...
Canadian Data Continues to Disappoint
Canadian Retail Sales were released earlier today, and the results were disappointing. Although the data was for October, the data still matters. The headline retail sales number (MoM) was -1.2% vs expectations of +0.5% and -0.1% in September. This is...
Market in Holiday Mode Despite Impeachment and Brexit
The US economy looks resilient despite never-ending trade war concerns, President Trump’s impeachment process, and softer economic data as investors take comfort that the Fed is on hold, the US consumer is strong, and we have yet to see any...
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