As the Fed gradually begins to scale back its monetary stimulus this year, we expect the dollar to rise and government bond yields to continue to drift higher. We also think investors’ appetite for...

The fact that the valuation of the US stock market is already high compared to its long-run averages on the cyclically-adjusted price/earnings (CAPE) measure is a good reason to be wary of forecasting...

Although the timing of the Fed’s decision to taper its asset purchases came as surprise to the majority (although not to us), the announcement has not proved so far to be the turning point for markets...

Investors in emerging market assets clearly remain concerned about the consequences of a tapering of the Fed’s asset purchases. EPFR Global data reveal that there were net ETF and mutual fund...