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US and Japan equities made new year-to-date highs last week, buoyed by the positive economic data and with markets increasingly shrugging off political noise from Washington. Performance in Asia Pacific ex-Japan equities was resilient as well, despite the weak Caixin manufacturing PMI from China.
Continue readingOn his first tour as President, Trump refused to endorse the Paris climate accords, criticized NATO members’ lack of commitment (in the form of budgets) and called the German trade surplus with the US “very bad” vowing to block German car exports to the US.
Continue readingChina is apparently busy building bridges as America prepares to build great walls.
Continue readingNavigating the markets without distractions is sufficiently difficult but with Trump at the helm of the US, things get even more complicated. He may not have the power to steer the ship where he wants but he can certainly rock the boat when he wants.
Continue readingSo far the Trump Trade has driven financial conditions tighter in the immediate term while growth on the back of policy is still just a (Trump) promise.
Continue readingThe point when good news is good news becomes good news is bad news is a fickle one.
Continue readingA lot of noise and very little signal. On the political front, there appears to be some disarray in the Trump transition team as they cannot agree on whether Romney should be invited to the party.
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