CEW News and Press, WisdomTree Emerging Currency Strategy Fund From 01/26/23

Summary The two key risks of fixed income are interest-rate risk and credit risk. Duration and high yield are often negatively correlated. We like the secured nature of securitized bonds. By Matthew Sheridan, CFA Transcript When we think about gener...

Summary The preliminary PMI readings are mixed. Japan and the eurozone look somewhat better, but Australia and the UK disappointed. Europe's STOXX 600 is off around 0.4%, posted one losing session a week in the first three weeks of the year. US futures are a little softer. The dolla...

Summary In our view, the balance of demand and supply factors should support oil prices in 2023. Most EM banking systems look better positioned in terms of capital than they were during the Global Financial Crisis. All things considered, we continue to believe that current valuation...

Summary Emerging markets have weathered tightening financial conditions. We now see a relatively good backdrop for EM assets as EM rates peak and China reopens. Stocks added to gains and bond yields fell as markets priced in Federal Reserve rate cuts later in 2023. We don’t think...

Summary Markets may be underestimating the stickiness of inflation and central banks’ determination to beat it - and what that means for growth and corporate earnings potential. We favor fixed income and credit over equities, and investment grade over high yield. Should infla...

Summary Financial markets offered few opportunities for refuge in 2022, and emerging-market bonds were no exception. We expect the past year’s difficult conditions to gradually unwind in 2023, but risks remain. Investors will need to be selective. By Christian DiC...

Summary Aside from the Japanese yen, a consolidative phase in the dollar dominated December, but the momentum indicators still seemed to suggest upside potential dollar. While we correctly anticipated a "buy the rumor, sell the fact" activity after the employment report, the extent and ...

Summary Relative to developed markets, emerging markets responded quicker to inflation, remain in better shape financially, and benefit from higher commodity prices. Notwithstanding China’s more recent policy direction, emerging markets, in general, have moved much more quickly t...

Summary The US dollar extended yesterday's gains as the market adjusts positions ahead of the jobs data. Yesterday and today's price action looks to have strengthened the near-term technical outlook for the USD. St. Louis Fed President Bullard seemed to soften his tone yesterday, sugges...

Summary Yesterday's greenback gains have been mostly reversed today. The dollar's setback is stretching the intraday momentum indicators, and this may discourage early North American operators from chasing the G10 currencies higher. AUD is leading the G10 currencies higher with the help...