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Japan’s Non-Inflation Scare February 22, 2023

By Knowledge Leaders Team in Economy, Markets

The Japanese Government Bond 10-year breakeven inflation has run contra to recent worldwide trends as one of the few sovereign rates of its kind to decline year to date. Where the rest of the world has moved on from a “growth scare” to an “inflation…

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Fed’s Policy Path Back in Center of Attention February 22, 2023

By Knowledge Leaders Team in Economy, Markets

Investors’ fears over a slowing US economy have seemingly been replaced with renewed fears over inflation and the possibility of a more hawkish stance by the Federal Reserve. Despite progress on lower goods inflation and signs that economy was cooling in December, price pressures have…

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Mid-Quarter Update: The Globalization Myth February 17, 2023

By Steven Vannelli, CFA in Economy, Markets

The common narrative is that we’ve (the US) been enjoying a long period of globalization and now that it is going into reverse, it will upend many of the benefits brought by globalization, to the US in particular. We think this is the wrong way…

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Turkey Drags Down Emerging Markets EMEA Stocks February 15, 2023

By Knowledge Leaders Team in Markets

Last week, I dissected developed markets EMEA (DM EMEA) stock performance by sector and found that the consumer discretionary sector was driving upward performance. This week, I dig into emerging markets across the European, Middle East and Africa region. We use our Mid-Large emerging markets…

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Brazil: Dragging Down EM Americas Performance February 14, 2023

By Knowledge Leaders Team in Markets

Last week I looked at how Canadian stocks underperformed US stocks this year, decomposing North American Performance. This week I take a look at EM Americas performance. First, I look at the Mid-Large EM Americas universe, which includes the top 85% of stocks for market…

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Why is the U.S. Market Trouncing Canada Year-to-Date? February 08, 2023

By Knowledge Leaders Team in Markets

So far this year, American stocks have outperformed Canadian stocks. In this post I’ll look at recent performance of equities in the U.S. and Canada to understand what drove the difference between the two countries’ equity performance year-to-date. For this analysis, I start by taking…

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Chinese Demand Buoys Outlook for its Neighbors February 03, 2023

By Knowledge Leaders Team in Economy

With Caixin China PMI numbers today broadly confirming Monday’s official CCP data, the outlook for China and its neighbors remains bright. The general trends shown in the Caixin PMIs reflect those of Japan and South Korea. Manufacturing held steady or gained slightly across Asia in…

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Regional Differences in European GDP Trends February 01, 2023

By Knowledge Leaders Team in Economy

On Monday, Germany’s GDP print for the final quarter of 2022 came out below expectations of 0.0% by -0.2%. This negative (rather than stagnant) figure makes the -0.5% print forecast for Q1 2023 a more foreboding prediction for Germany’s economy. France’s expected GDP for Q4…

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