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Developed Asia Responds to Bank Troubles March 15, 2023

By Knowledge Leaders Team in Economy, Markets

The fallout from the Silicon Valley Bank collapse and the continued troubles of other lenders has not been contained to the Western Hemisphere. Market implied policy rates for developed markets in Asia responded quickly and forcefully to fears of banking contagion from the US and…

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CPI Confirms Fed is Close to Stopping March 14, 2023

By Knowledge Leaders Team in Economy

Headline CPI came in today as expected at 0.4%, however core inflation (ex food and energy) came in slightly higher at 0.5% versus the estimated 0.4% increase. Before the Silicon Valley Bank failure and currently ongoing banking rout unfolded last week, Jerome Powell said he…

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Fed Repriced Out of Action March 13, 2023

By Steven Vannelli, CFA in Economy, Markets, News

We just experienced the fastest bank run in history with the closure of Silicon Valley Bank. Apparently over 40% of the company’s deposits fled last Thursday and early Friday before closure. To put this is context, when Continental Illinois—at the time, the largest ever bank…

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The US and China: The Tech Cold War Continues March 07, 2023

By Knowledge Leaders Team in Markets, News

For decades since the end of the Cold War there have been very limited restrictions on foreign investments by US investors compared to those of other countries. This has allowed US investors to transact in a wide array of international investment options. Indeed, following the…

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North America Sector Performance Since the October Low March 02, 2023

By Knowledge Leaders Team in Markets

North American developed market large-mid stocks (United States and Canada) bottomed simultaneously with other developed markets on 10/12/22, recovering over 10% since then. Also since October, the Bloomberg North American Large-Mid Index has experienced a “golden cross” wherein the 50-day moving average rises above the…

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Does European Equity Performance Point to End of Bear Market? March 02, 2023

By Knowledge Leaders Team in Markets

Earlier this week, Steve wrote about developed market performance since the low on 10/12/22. Here, I take a deeper dive into the performance of European stocks since that date. The Bloomberg Europe DM Large-Mid Index bottomed on 9/26/22 at 854.46, and after a short blip…

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Developed Market Performance Since the 10/12/22 Low February 28, 2023

By Steven Vannelli, CFA in Markets

Stocks ground into a low on October 12, 2022, and have since recovered about 15.21%. The Morningstar Developed Markets Large-Mid Cap Index has also experienced a golden cross where the 50-day moving average rises through the 200-day moving average. Generally, I view a security trading…

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European Markets Grapple with Nagging Reality February 23, 2023

By Knowledge Leaders Team in Economy, Markets

Investor concerns over the potential for poor European growth in the foreseeable future have eased thanks to the flurry of economic data coming out stronger than expected this year. That same data though has led investors to again fear what they thought was behind them…

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