In recent weeks, a number of factors – Greek politics, French, German and Chinese PMIs, the continued decline in the oil price – have come together to rattle investor confidence and trigger some dramatic changes of direction across global financial markets, in extremely short-term phases.
Turbulence in Russian currency markets… Read the article
Markets Value Investing
In October 2013, we provided an analysis of “risk parity” strategies. The specifics of this particular investment fad are less interesting, but the core issue of bond-equity correlation is central to asset allocation. We concluded at that time, that the rise in the term premium implied that long-dated… Read the article
Thursday’s headlines fretted over initial sharp declines across equity markets (see chart) on the back of Mario Draghi’s latest policy announcement, which apparently disappointed investors hoping for the imminent launch of full-blown quantitative easing by the ECB.
As a side note, most of the concern manifested in European markets themselves… Read the article