Guild’s Basic Needs Index
November 17, 2016
Market Summary Here is a further summary of what we see to be the likely effects of Trump’s victory. Banks and Financials Banks and financials will be helped. The Dodd-Frank Act will not be entirely wiped out, but it will be moderated. As written, it is a one-size-fits-all
November 10, 2016
Cows on Wi-Fi Show the Future of Health Care We’ve written several times in the past about the coming integration of health sciences, the internet of things, and big data analytics – a noteworthy example is Alphabet’s [NASDAQ: GOOG] life sciences research lab, Verily Life Sciences. Verily is pursuing a
November 03, 2016
Market Summary Buy Volatility and Buy Gold If You Are a Long-Term Investor U.S. stocks are getting cheaper: is a short-term market bottom near? The key event this week was the strong rise of volatility and of gold after political surprises near the U.S. election: Wikileaks, FBI investigations, and tightening
October 27, 2016
Market Summary The key to global stock markets is the U.S. dollar and U.S. interest rates. We have all seen U.S. interest rates rise, and that is potentially difficult for developed and emerging markets. Developed markets will be impacted as yield instruments become more competitive compared to stocks. Emerging markets
October 20, 2016
Global economic growth is boringly slow, but it is still growth. Pessimists point out that the last few years have been the slowest economic recovery in seven decades, and that the average household in the U.S. has less income after inflation than in 2006. Optimists point out that positive change
October 13, 2016
Global e-Commerce Adoption Isn’t Slowing — It’s Accelerating, and Has Massive Tailwinds U.S. e-Commerce Share Gains (vs Retail) Source: Bank of America/Merrill Lynch Most investors probably have the impression that e-commerce has moved beyond its initial stages of rapid growth and into a slower and more “mature” growth pattern. However,
October 06, 2016
Healthcare and Global Demand Growth Around the world, rising living standards are driving global demand growth for goods and services. We have often written about the rise of new global middle classes as linchpins of this growth – particularly the nascent middle classes of China and India. The rise of
September 29, 2016
The Case for Emerging-Market Assets We are getting more bullish on EM. We have been bullish on certain emerging-market assets since earlier this year, particularly Brazilian bonds. We viewed them as a reversion-to-the-mean trade as commodity prices stabilized and Brazil found its way to the resolution of its long-running political
September 22, 2016
India’s Masses Get Ready for the Digital Revolution As global investors, we try to position ourselves in front of powerful secular trends — social, economic, and technological changes powerful enough to transform the societies in which they occur and reward the innovators who enable those changes. One of the most
September 15, 2016
Step Aside, Boomers: “Gen Y” and “Gen Z” Will Soon Be Driving the Global Economy With apologies to the Baby Boomers, they like to talk about themselves. We’ve read a lot about the influence Boomers have had on U.S. culture and politics. The present writer sat with a group of
