The United States is abandoning its post-WWII free trade agenda that has worked so well to preserve the peace while expanding prosperity, both at home and abroad.
In this quarter's CIO commentary, we discuss tax cuts, international equity outperformance, the flattening yield curve, full employment, and the disappearance of the economic output gap.
In this quarter's CIO commentary, we talk about picking a new Federal Reserve chairperson, the hurricane season, and take a deep dive into the implications of the Republican's tax framework document.
Michael Batnick, CFA, wrote this week on his The Irrelevant Investor blog about the ugly implications of today's 30x S&P 500, should the irrepressible force that is reversion to the mean take hold:
In this quarter's CIO commentary, we review the Republican's progress on enacting their ambitious agenda of tax cuts, deregulation, and accelerated infrastructure spending, the positive events coming out of Europe, and what we can expect out of US, emerging market, and Singaporean equities.
