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.
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Is Chinese money growth bottoming?
September 20, 2024 | NS Partners
Chinese money / credit trends remain weak but could be at a turning point. Six-month rates of change of broad money and total social financing have stabilised above June lows. (Broad money here refers to M2 excluding money holdings of financial institutions, which are volatile and less informative about economic prospects.)
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China leading the race towards full EV adoption
September 19, 2024 | Global Alpha Capital Management
Learn more about the shift reshaping the automotive market.
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Is Mexico snatching defeat from the jaws of victory?
September 18, 2024 | NS Partners
The ruling Morena Party’s proposal to compromise judicial independence is a case study in how to derail development.
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Is the ECB still too pessimistic on Eurozone inflation?
September 18, 2024 | NS Partners
Monetary considerations argue that the ECB’s latest inflation forecast, like earlier projections, will be undershot. Annual growth of broad money – as measured by non-financial M3 – returned to its pre-pandemic (i.e. 2015-19) average of 4.8% in October 2022. Allowing for a typical two-year lead, this suggested that annual CPI inflation would return to about 2% in late 2024.
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The attractions of green steel
September 12, 2024 | Global Alpha Capital Management
Producing green steel is attractive for investments and decarbonization alike.
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Will services avoid the double dip?
September 10, 2024 | NS Partners
The “double dip” downturn in global manufacturing continued last month. Global manufacturing PMI new orders fell steeply from a peak in May 2021 to a trough in December 2022 (first dip), with a subsequent recovery ending in May 2024. The second dip was confirmed by a sharp fall to below 50 in July, with the index unchanged in August.
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More than just chips: Exploring a non-tech gem in Taiwan
September 5, 2024 | Global Alpha Capital Management
Exploring investment opportunities outside of Taiwan’s technology sector.
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Global money growth still stalled
September 4, 2024 | NS Partners
Global six-month real narrow money momentum is estimated to have moved sideways for a fourth month in July at a weak level by historical standards. The baseline scenario here remains that global economic momentum – proxied by the global manufacturing PMI new orders index – will move down into late 2024, echoing a fall in real money momentum into September last year. Based on more recent monetary data, a subsequent recovery may prove limited, with weakness persisting well into H1 2025.
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Global “double dip” on track
August 23, 2024 | NS Partners
The assessment here remains that the global economy has entered a “double dip” currently focused on manufacturing but likely to extend to services / labour markets, reigniting worries about a hard landing. Economic weakness is expected to be accompanied by an inflation undershoot into H1 2025. DM flash manufacturing PMI results for August were mixed across countries but on balance weak, suggesting a further small reduction in global manufacturing PMI new orders following a July plunge to below 50 (assuming no change for China and other non-flash countries).
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Singapore’s unique position in Asia
August 22, 2024 | Global Alpha Capital Management
How Singapore’s growth-oriented path sets it apart from many neighbours.
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Does soaring volatility mark regime change in markets?
August 16, 2024 | NS Partners
Signs of rotation in equities as global volatility picks up – will we see new winners emerge?
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Chinese monetary update: crunch time
August 16, 2024 | NS Partners
The most important issue in the global economic outlook is the meaning of Chinese monetary weakness. Six-month rates of change of narrow / broad money, bank lending and total social financing (on both new and old definitions*) reached record lows in June / July.
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Q2 2024 Outlook: A spike in volatility during a quiet summer
August 15, 2024 | CC&L Investment Management
Markets have seen a spike in volatility during a quiet summer. Where do we go from here?
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Japan in the 80s and the US today – bubbles in both cases?
August 8, 2024 | Global Alpha Capital Management
Drawing parallels between Japanese markets in the late 80s and US markets today.
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