Warren Stoddart joins Chas Burkhart on the Global Investment Leaders podcast
September 22, 2022 | Connor, Clark & Lunn Financial Group
Warren Stoddart, CC&L Financial Group’s President and CEO recently joined Rosemont CEO Chas Burkhart as a guest on the Global Investment Leaders podcast.
Weak Eurozone money data
November 28, 2022 | NS Partners
A post last month argued that a pick-in Eurozone broad money M3 growth into September reflected temporary factors that would reverse. October numbers delivered the expected turnaround, with M3 falling by 0.4% on the [...]
Are OBR forecasting swings destabilising UK fiscal policy?
November 25, 2022 | NS Partners
The major fiscal tightening announced by Chancellor Hunt in the Autumn Statement was motivated by a markedly more pessimistic OBR assessment of medium-term prospects for the economy and public finances. Even if its la [...]
It’s all marketing
November 23, 2022 | Global Alpha Capital Management
We discuss the importance of market research and the overall marketing expenditures in a context of an economic slowdown.
What does China’s CCP Congress mean for investors?
November 23, 2022 | NS Partners
We have been discussing the news flowing out of China’s 20th Party Congress (held from 16th-22nd October) at length over the past few weeks. While the press and market reaction was poor, there are some positives fro [...]
Changes at the Top
November 21, 2022 | Vergent Asset Management
In this paper, we examine the rising trend of Saudi nationals leading Saudi-listed companies. Our work shows that developing an understanding of the people and culture of Saudi companies provides valuable insights on [...]
Small cap is back: 7 reasons to buy small caps in a recession
November 17, 2022 | Global Alpha Capital Management
We discuss historical performance of small caps in the 1970s, and why now is the time to increase exposure to small cap.
When will the Fed start cutting rates?
November 17, 2022 | NS Partners
A simple model of the Fed’s past behaviour suggests a shift in policy direction from tightening to easing in March 2023, assuming that the economy evolves in line with its forecasts. The Fed could delay cutting rate [...]
A “monetarist” forecast for G7 inflation
November 11, 2022 | NS Partners
The “monetarist” rule of thumb that broad money growth leads inflation by two years suggests a rapid fall in G7 CPI inflation in 2023 and an undershoot of targets by H2 2024. Annual growth of the G7 broad money me [...]
Outlook – November 2022
November 10, 2022 | CC&L Investment Management
The global economy is heading for a slowdown in economic activity. Central banks, after having pushed through a series of rapid increases in policy rates, have begun to slow down the pace of rate hikes. The Bank of Ca [...]
Keep calm and carry on
November 10, 2022 | Global Alpha Capital Management
We discuss recent events in the UK and impacts on the markets.
Are Semiconductors the new oil?
November 3, 2022 | Global Alpha Capital Management
We look at recent changes affecting the semiconductor industry, chip exports and wafer fabrication.
Unusual UK monetary movements
November 3, 2022 | NS Partners
UK monetary statistics for September were heavily distorted by cash-raising by LDI funds to meet collateral requirements for derivative contracts. The headline M4ex broad money aggregate surged by £91 billion, [...]
Observations from the Quarter Q3 2022
November 2, 2022 | Vergent Asset Management
Relatively speaking, the strategy’s returns for the quarter are respectable. While a single quarter of outperformance versus global and emerging market equities is by no means significant, there are observations tha [...]
China update: money signal positive but policy / global risks
October 28, 2022 | NS Partners
Chinese money trends remain moderately favourable but the economy has been held back by covid disruption and now faces an export threat from global recession. Stocks, meanwhile, have been hit by a ramping up of the Bi [...]