We Read (And Liked)… China Goes Global: The Partial Power

Investors are faced with disparate conclusions about whether China is a truly global power. According to David Shambaugh’s comprehensive look at Chinese power and its current role in the international system,* China remains a partial power that w … [More.]

Are Investors Finally Warming Up To Chinese Stocks Again?

Chinese equity markets reacted favorable to improving PMI reports from China – a sign that investors are finally hopeful a sustained recovery is underway? The HSBC/Markit services purchasing managers' index posted its strongest reading in s … [More.]

U.S. Financials/Consumer Staples: Stick With It

Our U.S equity team continues to recommend a long financials/short consumer staples equity pair trade. There are high odds of further gains in coming months as business confidence picks up, and hiring and capital spending gain traction leading … [More.]

We Read (And Liked)… War! What Is It Good For?

War is not only inevitable, but it is also very good for humankind. This is the message that Stanford historian and archaeologist Ian Morris argues in his provocative War! What Is It Good For?* Apparently it is good for a lot! Morris contends that … [More.]

U.S. Q2 GDP: Good (If It’s True)

At 4%, U.S. real GDP made an impressive comeback in the second quarter relative to Q1. Of course, just like previous readings, this data is subject to revision. To the extent that data covering the past quarter matters for markets, investors … [More.]