Headlines from Across the MAP

Although no economy is the same and there are relevant differences between the Japanese and the US or European macro setup, we can learn quite a few things by studying what happened in a jurisdiction that experimented with QE and ‘‘QE + fiscal’’ already 20-30 years ago. At MAP, we spend much of our time reading. We want to point you to our favorite articles. Here is our weekly curation of our favorite reads.

The Marco Compass: “Japan Has All The Answers You Need

Bloomberg: “India Wants to Grow Tiger Population by 35% to Protect Forests, Boost Economy

The New York Times: “What an Adult Tricycle Says About the World’s Bottleneck Problems

The Atlantic: People Liked Malls

Bloomberg: “$500,000 For A Picture Of A Rock NFT Says Where The Cycle Is

The New York Times: “Who Has the Cure for America’s Birthrate? Canada.

The Wall Street Journal: “Small-Cap Stocks May Be Pricier Than They Appear

The Wall Street Journal: “Jack Ma’s Costliest Business Lesson: China Has Only One Leader

Digits To Dollars: “Roll Your Own Adventure

MarketWatch: “U.S. households and small businesses have stockpiled a mind-blowing record cash pile of almost $17 trillion”

The New York Times: “Banks Are Bingeing on Bonds, but Not Because They Want To

The Wall Street Journal: “Chinese Factories Are Having Labor Pains—‘We Can Hardly Find Any Workers’”

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Michael Dzialo, Portfolio Manager
Michael Dzialo, Portfolio Manager
Michael Dzialo is President, Portfolio Manager and founder of MAP, a sub-advisor to Catalyst Funds. Mr. Dzialo is Portfolio Manager of a global equity strategy and a global balanced strategy fund at Catalyst Funds and has over 31 years of investment experience.

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In my opinion, true active strategies have a very important role in portfolios as complements to passive, cheap beta. Advisors need to understand what they own.

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October was marked by continued volatility across fixed income and equity markets as investors faced various challenges, including persistent inflation concerns, rising yields, tightening monetary policy, and the backdrop of a U.S. Presidential election.

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As an investor, it’s nice to know what we should expect from President Trump, because we have seen the movie before in 2017 – 2021. Apart from the early part of the Pandemic period, the economy and stock markets generally performed well.