August 15, 2018 Will Chinese Renminbi Destabilize Markets as Trade Wars Escalate? by Mo Ji The trade war between Washington and Beijing has tipped China’s currency onto a path of destabilization. If hostilities escalate, China may let its renminbi (RMB) fall further. For investors, that could mean more volatility and tighter financial conditions. Currency, Economics, Emerging Markets, Fixed Income, Trade Wars Likes 0 SHARE Bookmarks
August 14, 2018 Under Siege: How Trade Wars Affect the World’s Major Automakers by Douglas J. Peebles, Robert Schwartz From steel to engines to whole cars, tariffs are shifting the playing field for automakers. Our credit analysis suggests there are no winners in this war: consumers should expect higher sticker prices, companies lower earnings and investors more volatility. Economics, Fixed Income, Policy & Regulation, Trade Wars Likes 0 SHARE Bookmarks
August 08, 2018 EM Stocks in the Time of Trade Tantrums by Stuart Rae Trade war’s becoming a bigger source of concern amongst investors, particularly in emerging markets, because a lot of those economies are very trade dependent. But there’s a difference between the first-order effects, the categories that are actually under trade restriction or trade tariffs now, and what might be happening in future. Emerging Markets, Equities, Trade Wars Likes 1 SHARE Bookmarks
July 20, 2018 Midyear Outlook: What a Trade War Could Mean for the Bond Markets, and More by Douglas J. Peebles We answer some of today’s most pressing investor questions—from the effect of trade wars with China to our expectations for rising rates and a correction in high yield. Fixed Income, Rising Rates, Trade Wars, Volatility Likes 0 SHARE Bookmarks
July 18, 2018 Think Small in a Trade War? Yes, but Think Carefully, Too by Bruce Aronow, James MacGregor, Samantha S. Lau, Shri Singhvi As trade tensions escalate, investors are flocking to stocks of smaller US companies, which rely less on foreign sales than their large-cap peers. But in some industries, tariffs could affect smaller companies in unexpected ways. Active & Passive , Equities, Trade Wars Likes 0 SHARE Bookmarks
July 17, 2018 Can the US Economy Weather the Trade Wars? by Eric Winograd Aluminum. Cars. Solar panels. It’s hard to track the tariffs without a scorecard. As headlines continue to swirl, many investors worry about the impact on the US economy. Clearly, tariffs and trade wars hurt growth, but we don’t think the impact will be big enough to derail the economy just yet. Economics, Policy & Regulation, Trade Wars Likes 1 SHARE Bookmarks
April 09, 2018 Debt, Tech and Trade Wars Cloud the Investment Horizon by Sharon Fay Global equities posted their first quarterly decline in two years during a volatile first quarter. Growing concerns about rising rates, trade wars and regulation in the technology sector will require a new mindset for investors. Emerging Markets, Equities, Inflation, Rising Rates, Trade Wars Likes 0 SHARE Bookmarks
March 23, 2018 High Stakes: Why Trade Policy Matters by Eric Winograd Steel and aluminum tariffs aren’t a big deal for the US economy. But they may be for US trading partners and global growth. Focus on the trade shortfall also obscures a bigger concern: the US fiscal deficit. Economics, Policy & Regulation, Trade Wars Likes 1 SHARE Bookmarks
March 22, 2018 Can Investors Make Money in a US–China Trade War? by Stuart Rae, John Lin President Trump’s plans for tariffs on about $60 billion of Chinese imports have rattled equity markets. Investors should begin to study which types of industries, countries and companies could win or lose if an all-out trade war erupts. Economics, Emerging Markets, Equities, Trade Wars Likes 1 SHARE Bookmarks