China stimulus dud

Economic growth, particularly over the long-term, is notoriously hard to predict. So, it makes the job a little easier when someone tells us outright what is going to happen. The Chinese Communist party fortunately revels in such tasks. Last week, the party released the People’s Republic’s 14th Five Year Plan, setting out growth and development…

US stimulus bazooka

Despite the harsh economic realities of the pandemic, capital markets have had a staggering amount of confidence over the last year, all things considered. Vaccine hopes have undoubtedly played a big part in this – as can be seen in the fact that investors have rewarded those nations with advanced vaccination programs and punishing those…

Recalibrations

Stock markets around the world have had another choppy week, but this time there was more up than down across the board and bonds yields stopped their upwards trend – at least for a while. The general upward trend notwithstanding, there was a lot of rotation and counter rotation between different market segments. With the…