Faced with ongoing uncertainty and volatility, global macroeconomic commentators are in two distinct camps: one that observes symptoms of recession and another that observes signs of a global recovery.
We observe the market has already priced in the shorter-term cyclical symptoms of recession for a wide range of Japanese companies. Does Japan needs to implement excess cash levy? Corporate Japan...
In an environment where no region presents an obvious opportunity from a valuation perspective in 2019, Japan offers investors the best chance to at least get access to a major market at something of a discount.
The long-term attraction of the UK smaller companies market is beyond doubt.
Given the constant focus on what might cause equities to fall and whether now is the right time to invest, it is helpful to remember equities as an asset class have historically been more likely to deliver positive returns in any given 12-month period...
We are seeing a new bout of deterioration in fundamentals, with earnings revisions worsening and PMIs back on a declining path across emerging markets (EM).
The UK remains a global leader in the provision of higher education, with some of the highest ranking universities in the world.