There is a popular belief that the failure of European markets to keep pace with the U.S. over the past decade is caused by overweight positions to banks, which have struggled in the post-crisis environment, and the absence of firms comparable to the U.S. tech giants. Jeremy Schwartz examines this narrative and offers different strategies to include European equities in your portfolio.
In an interesting turn of events, the big news in Fixed Income has not been last week’s rate cut. Instead, the dislocations that were witnessed in the funding markets, and attendant Fed responses, seemed to take center stage. Kevin Flanagan discusses the N.Y. Fed’s “repo” solution and what to expect long-term.
The calendar has now turned to September, and that means another FOMC meeting is on tap with the results slated for announcement on September 18th. Based on “Fedspeak” surrounding the recent Jackson Hole conference, it appears as if there is some division among the policy makers on what the next step will be. Kevin Flanagan discusses the possible outcomes.