Material and commentaries published in the past may or may not be helpful in analyzing current economic or financial market activity. Please note publishing date when reviewing materials.  Please email [email protected] for our current thoughts or to reach an advisor.

 

Two Covers; Two Sectors

David R. Kotok
Wed Jun 3, 2020

If you looked at the two different covers of The Economist for May 30, 2020, you saw the 100,000-death message on the American version, and you saw the Hong Kong security law depiction on the Asian edition. Internal content was mostly the same, but the lead stories reflected the world as the Economist editors saw it and wanted to portray it to their readers.

The-Economist-Covers

In my view, The Economist is the finest weekly global news magazine in the English-speaking world.

In the US, the contrasts in economics and financial markets are extraordinary. The stock market is setting recovery new highs, one after another. See the May 29th “Week in Review” video by Matt McAleer and the charts he uses in his discussion of the trading strength of this monster rally in the US market (https://youtu.be/isgC8sSacEI).  Anyone interested in those charts can email me, and I will ask that they be sent to you. At least one viewer found them hard to see on the video (beginning at 2:47).