MARKETS
Read markets through expectations, risk and value.
Investing, capital, rates, currencies, commodities and the forces that move prices before they become obvious.
Interest Rates Move Markets Long Before Most Investors Notice
Interest rates influence bonds, equities, currencies and the real economy through expectations, discount rates and financing costs. The key is understanding the transmission.
The Most Interesting Growth Stories Rarely Fit Into One Label
Grouping fast changing economies into a single category can make analysis convenient and conclusions weak. The opportunity is in understanding what is actually changing underneath the label.
Markets Do Not React to News. They React to Surprise.
A strong result can send a share price lower and a weak economic number can lift markets. The missing variable is usually what investors expected before the news arrived.