This week, we’re presenting a thoughtful conversation between David Rosenberg, Founder and President of Rosenberg Research, and David Hay, co-CIO of Evergreen Gavekal. During the discussion, the two talk about recession indicators, investment implications, and whether soft landing expectation will propel markets to new highs. The discussion was recorded on July 18th,… Read More
In downgrading US government debt from AAA to AA+, Fitch cited a fiscal deterioration in the next three years, a growing general debt burden and bad governance due to repeated political standoffs over the debt ceiling issue. Coming a day after the US Treasury said new debt issuance would rise… Read More
The investment landscape in China has always been characterized by uncertainty, as vast opportunities coexist alongside significant regulatory complexities and political considerations. While much remains unchanged in that regard, softening rhetoric from Chinese policymakers has given rise to the idea that beleaguered technology companies could be near a turning point. Read More
We are now past the halfway point of the year and, like every year, events have occurred that were either predictable, understandable in hindsight, or genuinely came out of the blue. In the following pages, I will review the more important developments thus far in 2023, and take a stab… Read More
The tech-heavy Nasdaq has had an exceptional start to 2023, rising nearly 28% year-to-date. Last Friday, the Nasdaq capped its sixth consecutive week of gains, marking its longest winning streak since 2020. Nvidia’s remarkable contribution to last week’s risk-on run can’t be overlooked as the company briefly became the ninth-ever… Read More
Saturday’s 11th-hour deal to suspend the US federal debt limit until 2025 will bring down the curtain on the political drama over the debt ceiling until after the 2024 election. But for investors, the story is far from over. The ripple-effects of the debt ceiling deal on financial markets and… Read More
By Tan Kai Xian US mortgage rates have eased slightly in the last six months, with the average interest rate on 30-year fixed-rate mortgages falling 70bp from 7.1% to 6.4%. Arguably that’s no big deal, given the rate is still more than double its level at the beginning of 2021. Read More
By Tan Kai Xian The US inflation data for March painted a picture of moderating price pressures, with the year-on-year increases in consumer prices, producer prices, and import prices all easing. But the messaging around inflation remains discordant. In recent days, financial luminaries including JP Morgan boss Jamie Dimon, Larry… Read More
For this week’s Evergreen Virtual Advisor, we are releasing a podcast with our Director of Private Wealth, Jeff Otis and our Co-CIO, Jeff Dicks to summarize recent events in the banking industry. Some topics they cover: As always, thank you for listening! DISCLOSURE: This material has been prepared or is… Read More
Silicon Valley Bank’s (SVB) sudden collapse rocked the tech community and financial markets last week. The second-largest bank failure in US history combusted in less than 48 hours, leaving depositors unsure about whether the government, Federal Reserve, another large banking institution, or a hedge fund would help rescue billions… Read More
