Highs on trade hopes, mixed on trade talks, creepy refrigerators, CRM for Main Street and Insurance Love Stories.
Usually we draw attention to narratives not because we like them, but because we believe investors can’t afford to ignore them. But the intense gravity of a directionless Narrative is a different matter altogether.
In which we focus on struggles and changes at asset managers, Soc Gen misses the boat, and markets ‘move’, ‘inch’ and ‘advance’ on trade optimism.
Pesky stock analysts, an earnings season focus on power and energy, and a late run on descriptive terms for the China Trade negotiations.
We’ve moved on to a motley crew on the back end of earnings season, with a couple noteworthy larger names: Walmart and Berkshire Hathaway.
We’re back with a third edition of ET Live! On the docket for this session: MMT and the Zeitgeist that brought it to the forefront of our political and economic discussions.
In which we learn about new voices in the hospital, we pile on the Fed, and we exult in stocks “edging up” on trade talk progress (I’ve forgotten what take we’re on).
The hardest job for any financial adviser is knowing when a fiduciary mindset should guide us to take a stand, and when it should guide us to adopting flexibility. If we claim to have a process, we have to have an answer for this.
Every investor who wants to understand narrative and its impact on markets should read “The Alchemy of Finance”, by George Soros.
ET contributor Demonetized rediscovers the joys of Soros. It’s all reflexivity, all the time.
We introduce a new narrative measure and then put major global equity markets under the narrative microscope in Q1 2019.