Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.
The FOMC is made up of hawks and doves, and their balance could affect future policy. Investors who follow the Fed need be able to tell the differences.
With the taper pushed off until 2014, bond funds might be a good intermediate play. Interest rates are still historically low, so investing in bonds is risky long-term.
The Spanish recovery continues to be heavily exports-based, and will likely remain this way as nominal wages continue to fall and the housing market bottoms.
Southern Europe and US equities When researching southern Europe as an investment opportunity, a useful story to compare recent performance to is US equities in 2009 and 2010. Although the US economy had not yet bottomed, stocks were soaring to historical returns. The thing to keep in mind is that equities trade based off future […]
When will the consumer come back to Spain? Consumer confidence is an important indicator to follow, as it measures the pulse of an important driver of the economy, the end consumers whose demand creates businesses. As with other economic indicators discussed in this series, it’s not so much the level of an indicator that’s important […]
Is Spain approaching a bottom in growth? Equities, like all assets, are priced off of future expectations. This concept can be difficult to understand when a stock price jumps after a company reports losses or when Apple stock craters after reporting record profits. In the case of Spain, real GDP growth (the increase in output […]
Spanish stocks have been the clear winner lately. In this series, I’ll walk through the country’s economic data to investigate the drivers of this outperformance.
While the US slows and eventually stops QE (quantitative easing), Japan will continue and likely increase QE In Part 1 of this series, I made the case that the BoJ (Bank of Japan) will likely step up its monetary easing, as current efforts haven’t led to the level of inflation it’s targeting. At the same […]
No surprises from the Bank of Japan (of BofJ), but investors should look beyond the rhetoric As expected, the Bank of Japan kept its “Abenomics” policy unchanged at its most recent meeting. The monetary base will continue to increase via purchases of Japanese Government Bonds (or JGBs) until the BoJ reaches its inflation target of […]
The ECB kept their benchmark interest rate unchanged at 0.5% today. As with all central bank announcements, investors were focused on the nuances of ECB President Mario Draghi’s prepared remarks at a press conference held in Paris, in order to find any hint about future policy. Draghi’s tone on the economy was optimistic, so further […]
