Emerging markets are on the radar for global asset allocation strategies these days on the assumption that these countries will be the main beneficiaries of the vaccine-led global economic recovery. It’s an intriguing narrative and not without merit, but so far the results are mixed, based on looking at a broad-brush proxy for EM stocks.
Daily Archives: May 26, 2021
Treasury Market’s Reflation Pricing Is On Hold, For Now
After rebounding sharply from pandemic lows, the 10-year Treasury yield is nearly back to levels that prevailed before Covid-19 began to roil the global economy in early 2020. But the 10-year rate has been in a holding pattern for the past two months, raising questions about what happens next.
Macro Briefing: 26 May 2021
* GOP senators set to propose $1 trillion infrastructure counteroffer to Biden
* Exxon faces challenge on climate from an activist investor
* Is money supply the key factor driving the price of gold?
* US Consumer Confidence Index fell for first time in six months in May
* New US home sales fell more than expected in April
* Year-over-year change for US house prices reached 15-year high in March:
