By Emerging Markets

The year has been quite exciting and that shows no signs of abating. Aside from the higher stress levels, we find the current environment to be fascinating from an intellectual perspective and find very few analogues historically. The world has been generally moving in one direction, toward closeness and integration, for many decades. That trend paused somewhat beginning in 2016 but we are looking toward a likely reversal of some of that global integration, which would really be the first time the world has seen that.

By International Growth Equities

A famous 20th century leader once quipped “there are decades when nothing happens and there are weeks when decades happen”… safe to say we are living in the latter these days. At the end of last year we highlighted how macro forces had returned to be the dominant driver of markets, it appears this theme has exploded even more with the onset of a US led tariff and trade war.