Global equities are back at all-time-highs despite continued increases to jobless rates and a record expected decline in 2020 global GDP.
We believe compelling opportunities exist for investors in EM stocks at a time when many emerging economies - especially Asia excluding Japan - are recovering from the virus-related sudden stop in act
Is the tech-fueled rebound in equity markets beginning to expand to other sectors? Amid these ongoing uncertainties, we believe there's no better time than today to tap into the unique, forward-lookin
Growth investing has been fabulously successful in recent years as the strong operating performance of Web 2.0 digital economy franchises combined with steady multiple expansion.

World Markets Update: July 27, 2020

11:46am, Tuesday, 28'th Jul 2020
Seven of eight indexes on our world watch list posted losses through July 70, 2020. The top performer is our own S&P 500 with a gain of 0.27%.
Our research shows investor sentiment toward emerging and developed markets has decoupled, coinciding with the recent stretch of EM outperformance.
Flash PMI survey data for July are historically consistent with global GDP of 2% on an annual basis. Looser COVID-19 restrictions have helped boost activity in Europe, but the US and Japan have lagged
The main development in the capital markets today is the firmer dollar against nearly all the major and emerging market currencies.

Weekly Commentary: Crossing Red Lines

09:33am, Sunday, 26'th Jul 2020
COVID stimulus stoked bubble dynamics for global risk assets, certainly including Chinese equities. This bubble has turned unstable.

Week Ahead - What More Can The Fed Do?

08:59am, Saturday, 25'th Jul 2020
After an unexpected rise in jobless claims and as US coronavirus cases continue to spread across the Sunbelt, concerns are growing that the economic recovery is stalling.

Tao Value Q2 2020 Letter

12:35pm, Friday, 24'th Jul 2020
I typically hold 10 to 15 instruments, with each position consisting between 5-10% of the portfolio. My typical holding period is 1 to 3 years, with special situation and distressed ideas on the short
Risk and liquidity premia have largely been removed from assets such as US investment grade, the European periphery, and emerging market rates.

The World Is Drowning In Debt

03:56am, Thursday, 23'rd Jul 2020
The enormous increase in public spending during the coronavirus crisis and the fall in output will lead to a global government debt figure close to 105 percent of GDP.

Favoring Euro Stocks In Global Restart

08:10am, Tuesday, 21'st Jul 2020
We consider European stocks the most attractive regional exposure to a multispeed global restart, especially versus emerging markets outside of north Asia.

Europe And Tech Lift Risk Appetites

07:56am, Tuesday, 21'st Jul 2020
Australia and Hong Kong's 2.3-2.5% rally led Asia-Pacific markets. The Dow Jones Stoxx 600 is higher for a third session.
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