Global Equities Pullback, Very Low Dispersion across Global Markets

Clement K. Miller |
Wilmington Wire
Blog_39.jpg

February 8, 2018— Since January 30, we have seen sharp movements in both domestic and international equity markets. The most significant drop thus far came on Monday, Feb. 5, when the S&P 500 declined by 4.1%, and international markets fell as well.   Global markets remained volatile on February 6 and 7. A notable feature of the early February 2018 equities pullback is the low dispersion of negative equity returns across global markets.

Read More...


Political Turmoil in Saudi Arabia Could Place ARAMCO IPO and Potential MSCI EM Status at Risk

Clement K. Miller |
Wilmington Wire
blog_19.jpg

November 10, 2017— Saudi Arabia is planning an IPO for 5% of ARAMCO, the state-owned oil company, for 2018 or 2019. With an estimated value ranging from $50-$100 billion, the IPO would be the largest-ever IPO. The proceeds are slated to fund a capital increase in Saudi Arabia’s sovereign wealth fund, the Public Investment Fund. New York and London are competing to be the listing venue – President Trump even promoted New York by tweet.

Read More...