DXGE News and Press, WisdomTree Germany Hedged Equity Fund From 10/19/22

Summary With no end in sight for the ongoing conflict in Ukraine, energy markets around the world look forward nervously as winter approaches. The recently enacted Inflation Reduction Act has set the trend for deep decarbonization of the whole economy as well as net zero in the US...

Summary The Bank of England’s reaction to the UK’s fiscal U-turn will be key to determining if Gilts can rally further. They are especially nervous about quantitative tightening and the outlook for rate hikes. The European Central Bank has yet to revise its growt...

Summary Bond markets appear to be disciplining policy inconsistencies, both within sovereigns and among them. Policymaking can be inconsistent in two ways: within a sovereign, between the fiscal and monetary authorities, and among sovereigns. We see plenty of evidence that pol...

Summary Both the Empire Manufacturing Survey and Philly Fed business outlook are expected to remain in contraction territory. Earnings season heats up as we hear from Bank of America, Goldman Sachs, Netflix, and Tesla. Japan may need to intervene in the FX market again as the ...

Summary For the most part, 2022 has unfolded largely on script, with inflation proving stubborn and the Federal Reserve seeking to cut off the spigot. Despite the general monetary trend toward stiff tightening on a global basis, individual countries continue to initiate moves to s...

Summary The minutes of the ECB's September meeting delivered a couple of interesting insights. Though quantitative tightening currently looks unlikely, it will come eventually. We expect QT to be felt across three dimensions of rates markets: duration, credit premia, and money...

Summary Global equity markets outside of the United States have completed a third negative quarter, with the MSCI ACWI ex US IMI Index down 11.26% in the three months through October 30. For the year to date, this index is down 27.19%, which clearly indicates a “bear market...

Summary Elevated inflation, currencies, slowing global economic growth expectations, and reduced central bank liquidity remain key economic considerations. Volatility measured by the VIX spiked in September after declining in August. This wall of worry is real, but it is impor...

Summary When central banks implied that bringing inflation down required breaking things along the way, what happened to the gilt market is likely not what they had in mind. The BoE was forced to row back on its immediate quantitative tightening ambitions and even pressed to buy g...

Summary The growing global commitment to the transformation of the economy to Net-Zero Emissions by 2050 is intensifying demand for critical minerals. A supply-demand gap is likely to open up, leaving businesses and governments scrambling to close it to achieve climate goals. ...