Global equity markets overall are posting gains year to date, with the glaring exception of China, based on a set of US-listed exchange-traded products.
Macro Briefing: 13 July 2021
* Most areas of the country seeing new surge in Covid-19 cases due to variants
* Biden supports Cuban protesters, says Havana should “hear their people”
* More Florida links found in assassination of Haiti’s president
* Pandemic lifts global government debt to highest level since World War II
* Oil markets will remain volatile after breakdown in OPEC talks, IEA predicts
* Microsoft announces that it’s buying cybersecurity firm RiskIQ
* ByteDance put IPO on hold indefinitely after pressure from China regulators
* Benchmark providers consider developing an index of everything
* Baltic Dry Index, a proxy for shipping rates, remains near an 11-year high:
US REITs Led Gainers In Mixed Week For Asset Classes
The major asset classes delivered a wide range of results in last week’s trading (through Friday, July 9), based on a set of proxy ETFs. US real estate investment trusts (REITs) led the winners while stocks in emerging markets and commodities posted sharp losses.
Macro Briefing: 12 July 2021
* Cornavirus variants threaten global economic recovery, says Treasury Sec. Yellen
* Biden Administration faces tough choices Haiti’s request for US troops
* Cuba sees biggest protests in decades as economy struggles
* Parts of US West continue to suffer from heat wave
* US reaffirms commitment to defend Philippines from attack in South China Sea
* G20 finance ministers set to surge in upcoming reports for second quarter
* China seeks more control over its overseas tech sector
* Policy-sensitive 2-year Treasury yield near 15-month high:
US Business Cycle Risk Report: 11 July 2021
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The ETF Portfolio Strategist: 11 July 2021
Passively managed exposure to global market betas continues to outperform our proprietary strategies this year and last week was no exception.
Book Bits: 10 July 2021
Simon Clark and Will Louch
Review via The Financial Post
A new book tells the story of how impact investor Arif Naqvi was able to convince hundreds of senior business leaders, including Bill Gates, Prince Phillip and John Kerry, to provide him $14 billion to invest in projects with high returns while supporting game-changing social projects to reduce poverty and promote the energy transformation. The book, published this week by HarperCollins, is “The Key Man: The True Story of How the Global Elite was Duped by a Capitalistic Fairy Tale” by Wall Street Journal reporters Simon Clark and Will Louch.
The ETF Portfolio Strategist: 9 July 2021
- US REITs top market returns this week
- Portfolio strategy benchmarks continue trending higher
This year’s rally in US real estate investment trusts (REITs) was looking tired recently, but it turned out to be a pause that refreshes.
How Fast Will US Growth Decelerate In 2021’s Second Half?
This month’s upcoming release of preliminary second-quarter economic data is expected to show an impressive acceleration in growth following Q1’s strong rise in gross domestic product. The update on July 29 will be rightly celebrated as a highlight of America’s continued economic rebound from last year’s pandemic-induced recession.
Macro Briefing: 9 July 2021
* Biden will sign new executive order to cracking down on Big Tech
* US bond market is pricing in peak economic growth
* Fed’s Bostic says Delta variant could slow economic recovery
* Assessing the blowback from China’s crackdown on tech
* Wells Fargo says it’s ending all personal lines of credit for customers
* Junk bond rally pulls yields below inflation rate
* UK GDP rose by less than expected in May
* China factory-gate inflation cooled in June after reaching a decade high
* US jobless claims ticked up last week but remain near pandemic low:
