We have been writing this newsletter for 25 years now. We are not market forecasters. We don’t try to tell you when to buy or when to sell. We are long-term investors, almost always fully invested. We help clients decide on an appropriate level of risk, stocks versus bonds versus cash, and then we stick […]
The 2-Minute Thought: Sticking with Emerging Markets
If you own emerging market stocks, you know it’s been painful this year. The chart below from McKinsey shows just how wide the divergence has been between emerging markets and the stellar S&P 500. Source: McKinsey Global Institute To say that emerging markets are out of favor now is a bit like saying water seems […]
The 2-Minute Thought: Brazilian stocks rally? What?!?
Source: stockcharts.com Has the world gone crazy or are Brazilian stocks really rallying? It seems like it was just a moment ago that investors didn’t want to hear about Brazil, think about it, or certainly, touch it. The economy is terrible. The president’s facing impeachment. And the ex-president just was implicated in the Petrobras corruption […]
Bye, Bye BRICS, Hello M-Pesa
As recently as 2007, China’s economy was growing at a 14.2% rate. India’s was expanding by 10.1%, Russia’s by 8.5% and Brazil’s by 6.1%. This year, developing economies as a group will be lucky to grow 5% according to a recently released World Bank report. The causes of this slowdown range from a tightening of […]