Diversifying into global markets ex-US has been a frustrating choice for asset allocation for much of the past decade. Standard portfolio theory recommends holding an international mix of shares, but the advice has been a dud in recent memory as US stocks have dramatically outperformed broad measures of offshore securities. But the rally in foreign stocks so far in 2023 suggests the tide may finally be turning in favor of global investing strategies.
Daily Archives: February 14, 2023
Macro Briefing: 14 February 2023
* Biden to name Fed Vice Chair Brainard as top White House economic adviser
* Fed will hold rates higher for longer, predicts Wells Fargo economist
* So-called supercore inflation will be in focus in today’s CPI report
* US consumers still spending despite higher inflation
* Japan’s economy expands 1.1% in 2022, down from 2.1% rise in 2021
* New head of Japan’s central bank announced, first change in a decade
* Ford will build $3.5 billion battery plant in Michigan for electric vehicles
* Policy-sensitive 2-year US Treasury yield ticks up to 3-month high:
