Markets to Fed: Slow Down
The Fed last raised rates on September 26th and stocks have been falling ever since as the chart below shows. Gains in large cap stocks have been largely erased for the year, international developed markets are meaningfully lower for the year, EM is down significantly, and only NASDAQ holds on to gains that are notable.
Bulletin: Consumer Confidence
We live in an age of crisis, if media reports are to be believed, yet on August 28th we learned that the Conference Board Consumer Confidence Index rose to nearly a two decade high. How is that possible? Well, it has all happened before and it is both a cautionary tale and reason for optimism.
Emerging Markets – Volatility and Value
Emerging markets have seen significant volatility and drawdowns in recent months. Clearly, the possibility of a trade war with the United States is weighing heavily on investor minds. In this Q&A, Anindya Chatterjee, Lead Portfolio Manager of the Emerging Markets Select strategy, discusses recent market developments and how his team is navigating volatility and identifying value.
Fiera Capital Releases Global Financial Forecast 2018-2025
Are inflation fears and rising rates paving the way for a recession? More on what to expect from the financial markets in the next 7 years in this new edition of the Fiera Capital Global Financial Forecast 2018-2025.
The Tariff Saga
In this piece Candice Bangsund of the Global CIO office reviews recent developments in the trade tensions between the United States and China.
Trade Protectionism
In this short bulletin, we provide some key points to understand about the US tariffs and China’s relatively tempered response and examine the possible near term and long term ramifications.
Fed Shocks Markets - a Ten-Year Retrospective
In this piece Joseph Abraham, Senior Vice President and Portfolio Manager, provides a retrospective of the Fed’s historic 75 bp rate cut in 2008 and its market impact in the context of the financial crisis.