President Donald Trump put the blame for last week’s equity market slide firmly on the Federal Reserve, claiming the central bank 更多 was “going loco” by raising rates too far, too fast. The S&P 500 dropped 4.1% over the week, the Nasdaq fell 3.7% and the MSCI All Country World index by 4.1%.
Paul Allen, the cofounder of Microsoft with Bill Gates in 1975, has died at the age of 65 from complications due to Hodgkin's lymphoma. The mark he left on personal computing technology, philanthropy, and entrepreneurship will be felt for generations to come. 更多
Residents and business owners continue to be affected by the aftermath of Hurricane Michael, as the powerful category 4 hurricane barreled through the Florida Panhandle and the Southeast Coast of the US and Mexico, causing vast swaths of irreparable damage to communities, and claimed over a dozen lives. 更多
Justin Waring, strategist with the Chief Investment Office, was recently asked this question. He takes a look at volatility over the last two years, and the impact of politics on markets. 更多
The US consumer appears to be in good shape. US core retail sales, which most closely correspond to the consumer spending component of GDP, jumped 0.5% in September. Bank of America, reporting 3Q results on 15 October, highlighted the strength of its consumer-lending business, which produced the most interest income since 2011. 更多
The British pound came under pressure on Monday morning following an unsuccessful attempt over the weekend to find a compromise in the Brexit negotiations. However, the currency swiftly recovered. CIO continues to expect a deal to be reached, but the pound is likely to remain volatile until then. 更多
Diplomatic tensions between the US and Saudi Arabia over the disappearance of a prominent critic of the Saudi regime pushed oil prices higher on 15 October. The official Saudi news agency reported on Sunday that the country would respond to any punitive measures taken by the US with an even “stronger” response. 更多
The "Main Street Employee Ownership Act" measure recently became law, which makes ESOPs worth consideration for retiring owners and for workers benefiting from employee ownership. 更多
The anonymous British artist known as Banksy shredded it – literally – at Sotheby's last weekend when his painting, "Girl With Balloon" self-destructed. But then it was almost immediately resold, shreds and all. 更多
This year started with one of the strongest equity market rallies in history, gaining 7.6% through the 26 January close. Then, in just six trading days, the market reversed those gains and ended a period of extreme calm that had seen 19 months without a 5% drop. 更多
The equity market sell-off continued today, with the S&P 500 and Dow both down just over 2%, bringing the S&P 500’s six-day decline to -6.75%. This happened despite no notable earnings news and the one significant economic data point (September US CPI inflation) was actually below expectations—a dovish result for rates that temporarily lifted equity futures. 更多
The Chief Investment Office (CIO) is bumping up its S&P 500 EPS estimates. CIO now expects 2018 S&P 500 EPS of USD 161, up from USD 158, and is increasing the 2019 forecast, but only by USD 1. 更多
Bonds and equities have both sold off recently. That's the worst of all worlds from a portfolio standpoint, but the market move hasn't been as bad as it might seem. 更多
Global equities retreated to three-month lows on Thursday, rattled by yesterday’s Wall Street rout. Asia was particularly hard-hit, with the onshore CSI 300 Index slumping 4.8%, its worst single-day fall since February 2016, and the broader MSCI Asia ex-Japan Index dropping 3.9%. In Europe, the STOXX Europe 600 fell 1.6% to a 20-month low. 更多
Whether investors decide to invest in emerging markets directly or not, they are increasingly exposed to their economic, financial, political, and even cultural sphere of influence. 更多
CIO has identified a number of risks that could potentially affect global investors ("Are you prepared? Risk scenarios to watch"). One such risk would be China experiencing a sharp economic slowdown in 2019 caused by a strain from US import tariffs. But how realistic is such a scenario? 更多
“Buy land, they aren’t making it anymore,” Mark Twain famously advised. The Hong Kong government appears to have taken that as a challenge, unveiling plans today to reclaim some 17 square kilometers of coastal territory for new housing developments. 更多
More than one-third of Global Family Offices surveyed by UBS and Campden Wealth are involved in sustainable investing, a rise of 4.2% from 2017. 更多
Gucci, Louis Vuitton and Hermes are among the brands benefitting from millennials' optimism about their financial future; even the Chinese are showing no signs of slowing down. 更多