The Global Insight Monthly offers perspectives from the Global Portfolio Advisory Committee on:
- The matters that matter – The news cycles of late have been whipped around by a chaotic political blender. However, it’s not the political sideshows themselves that drive the markets, but rather the economic and corporate earnings prospects that can be impacted by these situations. We see some caution signs on both fronts.
- Small caps struggle behind their big-cap brothers – We also turn our attention to small caps’ struggles to make gains relative to the S&P 500. Small caps led large caps as recently as mid-June, but the trend has reversed.
- Other regional highlights: Bank of Canada continues to sit tight; Imminent negative outcome in the U.K. recedes; Hong Kong rebound pushes up Asian markets
Click here to view the full article.