Archive for January, 2020
ASSESSING THE ECONOMIC FALLOUT FROM THE RAPIDLY EVOLVING CORONAVIRUS STORY
As regular WEALTHTRACK viewers know, we have asked economic legend Ed Hyman to share his new year forecast with us every year since our 2005 launch. We also invite a leading portfolio manager to join him. For the fourth year in a row First Eagle’s Matthew McLennan has done the honors.We are re-running the second interview we did with them at the end of 2019 which focuses on the global economic and investment outlook. We tackled the 2020 prospects for the U.S. economy and markets in part one. You can watch it again here.
NEW THIS WEEK… CORONAVIRUS IMPACT UPDATE
Ed Hyman and his top-ranked economic team are tracking the evolving Coronavirus story daily as its impact widens and becomes more known. They have shared two of this week’s reports to clients with us. One, their 1/27/20 Morning Economic Report examining the global economic implications and what happened to the U.S. during the 2003 SARS epidemic, the last major epidemic originating in China. The other report from Evercore ISI’s long-time China expert Don Straszheim focuses on the fallout in China.
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A Game Changer for Market Leadership Creating New Winners and Losers – End of Globalization
This page is here for technical reasons. Please click here for the episode page.
START PREPARING YOUR PORTFOLIO FOR THE NEXT TEN YEARS
START PREPARING YOUR PORTFOLIO FOR THE NEXT TEN YEARS
Market leaders of one decade are frequently laggards of next and vice versa
2010s MARKET LEADERS
(12/31/2009-12/31/2019)
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U.S. Stock Market:
- Large (S&P 500) +256.4%
- Mid (S&P 400) +230.6%
- Small (Russell 2000) +205.5%
NETFLIX +4000%
2010s MARKET LAGGARDS
(12/31/2009-12/31/2019)
- Emerging Markets (MSCI Emerging Markets Index) +48.3%
- Brazil (Ibovespa) -26.9% (USD)
- Gold +38.9%
- U.S. Treasury Inflation-Protected Securities (TIPS) + 39.2%
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Commodities:
- S&P GSCI -16.9%
- West Texas Intermediate (WTI) – 23.1%
BERNSTEIN: INFRASTRUCTURE CRISIS
INFRASTRUCTURE CRISIS
Richard Bernstein is known for his macro calls and asset allocation skills. He is raising the alarm about the deteriorating state of infrastructure investment in the U.S. and its consequences.
THE END OF GLOBALIZATION IS A GAME-CHANGER FOR MARKET LEADERSHIP CREATING NEW WINNERS AND LOSERS
Are we witnessing the end of globalization, the dominant trade and economic force of the last quarter-century? That is what financial thought leader Richard Bernstein is suggesting to clients. In a recent report, aptly titled: Investing for December 31, 2029 -The End of Globalization, he makes his case. And yes, he is talking about 2029!
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