Category: Markets

29 posts categorized as "Markets"

9Oct

Emerging Market Turbulence: Here to Stay?

Normalizing US rates and higher oil prices have begun to expose persistent macroeconomic imbalances in emerging markets.   As returns begin to look more appealing in developed markets, we expect elevated levels of volatility to continue in emerging markets, especially those with large twin deficits, high external borrowing needs, reliance on portfolio flows for financing and…

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24Aug

Which sectors are defensive?

As the current recovery ages and trade tensions garner headlines, a money manager’s thoughts turn to defensive sectors.  But how have the defensive sectors actually done in recent recessions? We examine the record in this post. For an investment manager, there is an obvious appeal in knowing how sectors of the economy perform in recessions…

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11Apr

U.S.-China Trade Wars: Talk and Market Impact

Your diligent economic blogger is struggling to keep up with the news on the trade war front. Last week the US and China traded threats of additional proposed trade sanctions – to be imposed after the still-theoretical initial set of mutual tariffs announced earlier in April. Recall that the world’s two largest economies will soon…

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14Feb

Market Questions: Less Why, More What

Given the stock market’s 10% drop over about the past two weeks, the question we’re left with now is less about “why” and more about “what.” What to do from here? First, we must keep in mind that the S&P 500 has appreciated by almost 30% in three years with little volatility and only minor…

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5Feb

Comments on Recent Equity Market Pullback

It’s been a very long time since the stock market was the lead news story. That changed quickly as the stock market declined almost 10% (from intraday high to intraday lows) in the course of two days (2/2 ‐ 2/5/2018)—a big move, no matter how you slice it. The question everyone is asking is, “What’s…

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4Feb

Volatile Markets? What Investors Can Expect

Given a recent escalation of questions from advisors and their clients about current market activity, we at Astor wanted to take a few minutes to outline what all of this means for investors. First, it’s important to pause and consider these changes in the overall economic schema. We at Astor have previously discussed in our…

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16Jun

Why You Need to Care About This Amazon Deal

I was speaking to someone early this morning. Their exact words were “no big headlines on my phone this morning…that’s unusual”. Of course, they were referring more too political headlines, but the point was taken. Then the Amazon/Whole Foods deal hit the tape. By in large it was a surprise to see and exciting. Amazon…

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30Jun

Grisis… Graccident… Grexit?

Time is running out for Greece as the Euro-area backed bailout extension expires at 6pm ET and $1.8bn of payments to IMF are due. A technical default will trigger further repayment and Greece will lose $18bn in funding overnight, 60% of which comes from a Greek bank rescue fund. Greece is on the precipice of financial…

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15Oct

Don’t Panic

The recent stock sell-off certainly has our attention. Yesterday, October 14th, the S&P 500 closed about 6.6% off its high, set only a month ago. And writing before the opening of October 15th, it looks like another bad day. As always, there is a chance of a further stock market decline, but we think the…

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