October 24, 2019— On Tuesday, October 22, by a vote of 329-299, the UK House of Commons approved in principle the revised EU Withdrawal Agreement (to implement “Brexit”) negotiated with the EU by Prime Minister Boris Johnson. The PM has managed to achieve what his predecessor, Theresa May, could not, even after three attempts.
September 6, 2019 – Only weeks after Boris Johnson replaced Theresa May as Conservative leader and Prime Minister, he has suffered a humiliating setback regarding both his Brexit strategy–leaving the EU “deal or no-deal”–and his ambitions to strengthen his power as Prime Minister through victory in a new general election. We believe that new general elections will take place after the current Brexit deadline of October 31 is extended through January 31.
August 21, 2019—Brexit as well as the United States economic conflict with China, have so dominated U.S. business news that it is easy to overlook three important trade agreements that have recently gone into effect. These free trade agreements link markets whose governments remain dedicated to the preservation and expansion of economic globalization: the EU, Japan, Canada, Australia, and some other Pacific Rim countries. These agreements exclude the U.S.
August 7, 2019—For over two months, residents of Hong Kong, a chief global financial hub, have been engaged in disruptive strikes and protests, including violent clashes with police. The latest disruptions occurred on Monday, August 6. Here, we explain the nature of the protests and discuss investment implications.
June 28, 2019—If you’ve been invested in international developed country stocks over the last ten years, you would have done much better investing in the international consumer staples, health care, and information technology sectors, rather than in financials or energy (see Figure 1). Why has this been the case?
Figure : International developed stocks (MSCI EAFE) by sector
10-year annualized returns
Data as of May 31, 2019
The MSCI EAFE Index returned 6.