How Does the Market Perform Under Democratic or GOP Rule?
Stocks seem to do better with a Democratic White House, but it’s close when you factor in control of Congress, an LPL report finds.
Economy
Economic Damage From Climate Change Could Dent Global Income by 19% Over 25 Years
Study also finds that the costs of climate change damage is significantly more than the cost to limit global warming.
Institutional Investors Remain Optimistic for 2024
A Commonfund survey of more than 200 institutions indicated confidence that the U.S. will not face a severe recession in late 2024 or early 2025.
Passive Strategies Poised to Take Mutual Fund, ETF Market Lead
Despite a ‘symbolic’ victory for passive expected in 2024, active remains dominant in the larger investing context, according to Cerulli.
How Bad Was 2022 for Asset Managers? Assets Dipped 10%
Thus far this year, the recovery is muted, a McKinsey study finds.
Inflation Is Down, but How Long Will That Last?
For several years, a Natixis report finds, as the price trends mostly point downward.
Higher Interest Costs Will Continue for Some Time, Study Says
The so-called ‘natural interest rate’ is on the rise and will keep the cost of money aloft into the 2030s, per Bloomberg Economics.
Elevated Stock Valuations Will Not Stay High for Long, Says Market Sage
Price/earnings multiples will fall amid little-appreciated economic weaknesses, per economist David Rosenberg.
Goldman: Look for EMs to Overtake US in Stock Valuation by 2030
In 2035, emerging markets will gain a slight edge, and they will have a clear lead by 2050: 47% to 27% of global capitalization.
Earnings Calls Include Fewer ESG Mentions, but Talk of AI Is Rising
While political controversy dogs green initiatives, artificial intelligence replaces them as the new popular topic.
‘Doctor Copper’ May Be Signaling an Upturn—for the Metal and the Economy
Traders in the beaten-down commodity, an economic bellwether, are taking long positions in its futures.
Pension Funds Appear Unfazed by Potential US Default
They have ample liquid assets—and show little sense of fear.
Puny Q3 GDP Increase? Just a Bump in the Upward-Inclining Road, Says ING
Why the bank thinks 2021’s final period will be much better. Hint: consumers.
As COVID Recedes, Can Gold Maintain Its Lofty Level?
The commodity has been having a good month despite a recent report of low demand.
About Those Fed Rate Hikes: They Might Take Longer Than You Think
The market expects them to start next year. Maybe not, says LPL’s Gillum.