Macro Value Update, Q3 2020

MACRO OVERVIEW Global equity markets notched a new all time high in early September only to pull back since. The rise in market volatility has some fearing another meltdown. To be clear, nobody knows what happens next, but it's worth noting how current economic and market conditions contrast with Q1. Figure 1: Global Equity Market … Continue reading Macro Value Update, Q3 2020

Macro Value Update, Q2 2020

MACRO OVERVIEW "Unprecedented" is the word of choice among investors trying to make sense of the market's wild swings this year. After one of the fastest bear markets ever in Q1, global equities surprised with an equally furious comeback in Q2. But the rally has been at odds with deteriorating fundamentals, clear in the divergence … Continue reading Macro Value Update, Q2 2020

When China Sneezes…

An excerpt from my article published at SeekingAlpha.com. Fear is in the air It used to be "when America sneezes, the world catches a cold," but recent market action shows China may be the new snotty-nosed kid on the block. I mean the now-notorious coronavirus. Since its outbreak, the news flow has been frantic and … Continue reading When China Sneezes…