For some time, I have outlined the growing softness in the U.S. and world economies. Most of the recent data is pre-virus, and are generally meaningless. The numbers we will get for March will be awful, but the worst is yet to come. An example of March’s data is from the Philly Fed. The print of their Manufacturing Index was -12.7 for March, down a record amount from the +36.7 …Read More
Tag Archives: emerging markets
Markets: Time to Reflect on Risk, not Return
The week ended September 7th saw a pull-back from the record highs set in late August. Perhaps we witnessed the infamous “double top” (January 26th and August 29th). It is clear that financial markets have become riskier, and, perhaps, it is time for investors to assess the risks inherent in their portfolios versus the prospects of future returns. There is a short-term and a long-term view, neither of which augurs …Read More