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Articles

January 2019

Opinion A tale of two worlds: a robust business cycle in the US and a draining of liquidity in the rest of the world

After President Trump signed the ’Tax Cuts and Jobs Act’ into law on 22 December 2017, we expected corporate earnings growth to be strong in 2018. In fact, it has been far stronger, as the direct effect of the tax cut on corporate earnings was further magnified by the (...)

January 2019

Opinion A modern-day War of the Roses

A modern-day War of the Roses: Is a real winner possible in the US-China trade war? In an era of globalization, trade wars mean losses for all sides

December 2018

Opinion Market outlook 2019

We believe that fears of a global slowdown are overdone, even though we are clearly past the peak in growth. Investor sentiment remains fragile and volatility high as fears about growth and political headlines keep markets on the back-foot. Yields have fallen on market woes, (...)

November 2018

Opinion Financial Innovation: US banks steal a lead on European, Asian peers

In recent years, technological developments, new regulations and the rise of digital savvy millennials have combined to form an irreversible trend towards innovation in the global financial sector.

October 2018

Opinion The sell-off accelerates

Equity markets fell on Wednesday with the S&P 500 down 3.1%, extending the index’s losses to 9.4% since hitting an all-time closing high just a few weeks ago on 20 September. With today’s decline the S&P 500 has erased its price gain for the (...)

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