Vanessa Drucker
Asset Class ReportsPortfolio strategy – The history of crises in US equities
The current US equity crisis conjures up shades of previous crashes
FeaturesBriefing: A safe haven
Treasuries, the yen, and gold all traditionally serve to harbour investors in times of stress. A closer look at the current demand for Treasuries, however, paints a complex world view with implications for financial markets. Yields suggest it might remain ugly for another decade.
FeaturesDollar/sterling: The road ahead for cable
The twisting path of the dollar/sterling relationship over 2020 will provide ongoing theatre, punctuated by moments of intensity
Asset Class ReportsUS investment grade: A year for not living dangerously
Geopolitical uncertainties are pushing investors away from longer-term strategies
FeaturesBriefing: US makes rapid turnaround
Father Christmas delivered a sack of coal to equity markets last Christmas Eve, with the S&P 500 index losing 1.8%, following a three-day slide. Forecasters had previously been expecting two or three rate hikes in December, as Federal Reserve chairman Jerome Powell steered that discussion. He had mistakenly assumed that the economy had not yet reached a normal, neutral level but it already had, forcing him to backtrack.
Asset Class ReportsTrade war minefield for investors
High-quality companies are most likely to withstand the ravages of a prolonged US-China trade war
FeaturesUS economy: Overpricing recession risk
Financial markets have suffered a nasty bout of indigestion since October. The interplay of sentiment and volatility induced widespread pessimism, with added concern that market tantrums could subsequently bleed into the real economy
- Features
What next for US Treasuries?
A consensus on the direction of 10-year US Treasury rates is not obvious, because the answer reverts to a further question: whose consensus? Strategists, economists and other informed professionals have a particular view. The market itself, however, expresses a more diffuse and different opinion.
- Asset Class Reports
FAANGS: Tech black swan in the wings?
The US technology giants could be hit by extreme risks
- Asset Class Reports
A scorecard on Trump’s rhetoric
The US president has followed through on many, although far from all, of his policy pledges
- Features
Oil: Changing oil price drivers
New technologies are among factors transforming global energy markets
- Asset Class Reports
US Equities: The Trump reflation trade
The US president’s stated policies appear to have boosted the country’s already-reviving economy
- Special Report
Credit: Opportunities despite challenges?
Opportunities exist despite the challenges of a low-interest-rate environment
- Special Report
Securitisation: European recovery lags the US
US securitisation is finally recovering from the global financial crisis while in the euro-zone the central bank is soaking up most issuance
