by Thomas Aubrey | Mar 23, 2016 | Uncategorized
The jobs report announced on March 4, 2016 proved to be surprising for many. The S&P 500, which was introduced on that date in 1957, seemed unclear on how best to respond to it. The U.S. economy added an extra 242,000 jobs, with unemployment remaining at 4.9%....
by Thomas Aubrey | Feb 4, 2016 | Uncategorized
David Glasner in a recent blog post referred to a paper he wrote in January 2011 on The Fisher Effect Under Deflationary Expectations. The paper is well worth reading for anyone interested in the interplay between monetary policy, asset prices and the recent financial...
by Thomas Aubrey | Aug 27, 2015 | Uncategorized
The oasis of calm that investors have become addicted to since the advent of quantitative easing has been rudely interrupted. Between July 20th and August 25th, the S&P Composite fell by more than 12% , triggered by the drop in the Shanghai stock exchange of...
by Thomas Aubrey | Jun 25, 2015 | Uncategorized
The Reserve Bank of India cut the policy repo rate by another 0.25% on June 2 to 7.25%. The market reaction sent the SENSEX index of Indian equities down by 660 points – nearly two and a half per cent. Bank governor Raghuram Rajan commented that he remained...
by Thomas Aubrey | Dec 17, 2014 | Uncategorized
The variability of emerging market performance implies that asset allocation be best approached from a country perspective. An analysis of the ex post Wicksellian Differentials and ex ante signals of BRIC countries highlights continuing diverging trends with the...
