Market Musings | September 2018

“Buy American” sums up the story of the markets thus far in 2018. Markets around the world were strong last year on the back of a synchronous global economic recovery. It was difficult to find an index that was not up on the year. Emerging market stocks, for example, posted a gain of nearly 40%, and almost every country within the EM index was up. Economic activity has diverged this year, with the United States accelerating (Q2 GDP growth was 4.2%, up from 2.2% in Q1) and other areas having a more challenging time, most notably those very same emerging markets that were so strong last year. Read More