What the Chinese PPI tells you about the stock market
The Chinese producer price index (PPI) came in lower than expected today. The PPI for June measured -2.7% (yoy), which means the PPI has been negative for the last 16 […]
Category Archives: FINANCIAL MARKETS
Revealing the relationship between EPS growth and equity returns
Valuation-related measures are often lousy instruments for timing the market. But that doesn’t mean they can’t hold interesting information about equity market returns. In the chart below, I have plotted […]
Potentially Dangerous Graph
The graph above is a potentially dangerous one. Until recently the fall of the yen was accompanied by a low, or even a falling Japanese bond yield. This was not […]
Spending 8 Days With Bernanke
This Wednesday, the FOMC, the Federal Reserve’s monetary policy-making body, will get together again to decide upon the appropriate central bank policy. The FOMC uses financial instruments to achieve its […]
SUBmerging Markets?
Emerging markets experienced a dreadful start of the year. Measured in local currency, emerging stocks lagged their developed counterparts by more than 10%. Many country-specific reasons can be put forward […]
the yen vs Nikkei, does it work?
The Nikkei has recently outperformed all of its relevant peers by a fairly wide margin. For example, since the end of October 2012, Japanse equities have returned some 30% more than […]
