A monetarist perspective suggests equity markets may struggle in the coming months due to persistently weak money growth. An analysis by NS Partners, an affiliate of Connor, Clark & Lunn Financial Group Ltd., one of the largest private, independently held asset management firms in Canada, found: “Global six-month real narrow money momentum recovered from a low in September 2023 into Q2 2024 but has since moved sideways at a weak level by historical standards. Based on a normal six to 12-month lead, this suggests below-trend economic growth through Q2 2025, at least.”
If money growth does not improve, the economic backdrop could remain challenging, weighing on corporate earnings and valuations.
Read the full insight here.
Read more
Columbia Threadneedle Investments
What’s next for the US in 2025?
US equities remain attractive despite high valuations, but rising government debt could pose a threat to bond markets.
Quant Investing
AI and quantitative investing
Artificial intelligence applications go way beyond stock selection.
Schroders
Looking ahead: 30-year return forecasts
Higher returns are expected across asset classes, driven by stronger productivity growth for equities and elevated long-term central bank rate projections for bonds.
Bellevue Asset Management
Demographics and AI drive MedTech stocks
MedTech investment case: What makes it attractive, which trends stand out?
