ANALYSIS: It is reasonable to assume that American companies will spend more than US$1 trillion on AI infrastructure over the next five years.
ANALYSIS: More choices generally allow active managers to exhibit their skill level over time, versus short-term periods of good or bad luck.
ANALYSIS: A new government does not meaningfully change the prevailing fundamentals for most companies.
ANALYSIS: The recent result season presented a large number of ‘one-off losses’. What is happening and what does it mean?
ANALYSIS: For most of history, the earnings yield on the US equity market has been higher than US Treasury bond yields.
ANALYSIS: The jump in higher interest rates over the past few weeks has brought about concerns that asset prices may need to adjust down.
ANALYSIS: Maybe there should be mechanisms introduced to streamline the post-election government formation process.
ANALYSIS: There are parallels between 2023 and other periods following central bank hiking cycles to suggest that fixed income could be ready for a resurgence.
ANALYSIS: In understanding a company’s potential future operating margins, it’s often useful to understand how its economic characteristics compare.
ANALYSIS: A closer look at what this means, in particular with regard to recent SkyCity provision and impairment announcement.
