Goodbye inflation, hello unemployment

With its decision to cut rates by 50 basis points, the Fed gives the labor market priority over inflation

Gold at a time of tragedy

Amidst rising tensions in the Middle East, gold seems to be living up to its reputation as a safe haven. Ironically, softer inflation data might also prove supportive

Global real estate – how to find value

As prices adjust, many areas of the global real estate market are looking increasingly attractive

Global infrastructure assets – a more nuanced outlook

In a challenging operating environment, selection and thorough bottom-up research remain crucial

German public investments too low

Debt brake is increasingly being called into question

Generative AI – a new iPhone moment in tech?

After a short break, the IT sector is on the rise again in 2023, not least thanks to Generative AI

From valuation risk to earnings risk

The danger of recession is more evident now in market valuations but not in earnings forecasts

From survival to revival

To be politically sustainable, transparency, inclusivity, and fairness must underpin further reforms in Greece, restoring confidence not just among foreign investors.

French recipes for a change

In markets as in politics, perceptions often matter more than electoral realities. That helps explain why markets got spooked by snap elections in France.

French elections - a noisy non-event

No clear winner. The worst might have been averted from a (European) perspective, while from a French perspective some uncertainty will persist until a government emerges.

Frank Kelly’s U.S. Election Update | July 21, 2024

By: Francis (Frank) J. Kelly

Initial thoughts on President Biden’s decision to drop out of the race for re-election and his subsequent endorsement of Vice President Harris for the presidency.

Frank Kelly’s Geopolitical Week Ahead | September 1, 2024

By: Francis (Frank) J. Kelly

Summer is over and a hectic autumn begins: U.S. elections heat up, China ramps up relations with Africa, Germany’s historic elections, and U.S. to release jobs figures.

Frank Kelly’s Geopolitical Week Ahead | May 20, 2024

By: Francis (Frank) J. Kelly

Helicopter crashes with Iranian President Ebrahim Raisi on board. Plus, Prime Ministers of Japan, China, and South Korea will gather for the first time since 2019.

Frank Kelly’s Geopolitical Week Ahead | March 17, 2024

By: Francis (Frank) J. Kelly

European Union (EU) leaders will gather for a European Council Summit this week to discuss a heavy agenda. U.S. Congress faces yet another deadline to get appropriations bills done (by Friday) or face a partial government shutdown.

Frank Kelly’s Geopolitical Week Ahead | June 3, 2024

By: Francis (Frank) J. Kelly

A look at elections in Mexico, India and the European Union. Also, House Financial Services Committee Chair Patrick McHenry (R-NC) announced he will hold a hearing on the scandals at the Federal Deposit Insurance Corporation (FDIC).