We think that the outlook for the US stock market is bleak. But unlike some who share this opinion, our pessimism is not rooted in a belief that the market is grossly overvalued and will inevitably...

The S&P 500 has tended to hold up well in the past when the Fed has tightened policy. But it has slid once the tightening has begun to take a toll on the economy. With this in mind, we don’t expect...

The reaction in currency markets to President Trump’s proposed tariffs on steel and aluminium suggests that investors are far more concerned that the duties represent the opening salvo of a trade war...

Brazil’s stock market has been the best-performing of any major economy this year, soaring by well over 10% despite the turmoil in global equities a few weeks ago. But we suspect that it will come...