On Governance and Leadership - What We're Watching
A rapidly escalating response to the spread of COVID-19 in Europe and the US has closed borders, reduced normal commercial activities and disrupted supply chains, and is putting greater strain on management teams than seen in over a decade.
Private Sector and Investors Have a Role in Promoting the Sustainable Development Goals
With more than 150 world leaders expected to attend this weekend’s United Nations Sustainable Development Summit, including President Barack Obama, Chinese President Xi Jinping, and Pope Francis, it is clear that we have achieved a new level of global commitment to a sustainable development agenda.
Focus on Fixed Income
Last week Administration officials, including the President, clearly ruled out using extraordinary legal measures to avoid defaulting on Treasurys financial obligations in the absence of a debt ceiling hike by Congress. The two legal measures most discussed, going back to the summer 2011, were invoking the 14th Amendment and minting a trillion dollar platinum coin. The coin idea was dismissed as Fed officials commented that the central bank would not honor the coin as a deposit, and the amendment idea has been shelved a number of times.
2012 Equity Market Market Year in Review
Equities started the year strong as global inflation remained tame, and aggressive, accommodative monetary policy by central banks around the globe helped equity markets rally hard off their lows posted in the fall of 2011. Continuously improving U.S. economic data, strong corporate earnings, and policy steps toward mitigation of the sovereign debt crisis in Europe also provided support for the equity markets worldwide.
Fourth Quarter 2012 Equity Market Review
With the excitement of the QE3 announcement wearing off in the fourth quarter, market participants refocused on the less-than-stellar earnings season in the U.S. and uncertainties surrounding the U.S. presidential election and impending fiscal cliff, while the negative impact of Hurricane Sandy further dampened investor sentiment. Despite a double-dip recession in the eurozone, there was some progress on the European policy front and China's economy continued to show signs of stabilizing, which helped international stocks outperform their U.S. counterparts.