EFA News and Press, iShares MSCI EAFE From 03/25/22

Preliminary PMI survey data showed only a modest impact from the Ukraine war on current economic growth in the world's largest developed economies in March. Business activity continued to grow strongly across the G4 developed economies of the US, eurozone, UK and Japan in March. G...

The Fed is talking tough on inflation by projecting a large and rapid increase in rates, but we think it won’t fully deliver and be forced to live with inflation. The S&P 500 scored its biggest weekly gain since 2020, and bond yields rose. Chinese shares rebounded sharply a...

According to a recent report released by the OECD, the Russian invasion of Ukraine, if prolonged, could knock 1.1 percentage points off the global GDP for 2021, while increasing global inflation by 2.5 percentage points over an already lofty inflation level. The damage won’t be...

U.S. equity markets posted their best weekly gains since November 2020 after the Federal Reserve hiked interest rates for the first time since 2018 and indicated an aggressive stance to combat inflation. Bouncing back from its lowest weekly close since June-2021, the S&P 500 ralli...

Eight months ago we made 6 bold, quite controversial (at the time) predictions for the next 12 months. 4 of these predictions have already materialized, and there is a good chance that this is how things will look four months down the road. Let's revisit these predictions, see whi...

An analysis of global supply chains and commodity markets in the presence of significant kinetic warfare. An overview of why sovereign reserve practices may start to shift towards more diversification and neutral reserve assets. Examples of three attractive stocks for the long run...

U.S. equities have dominated non-U.S. for decades. U.S. valuations look stretched on the basis of fundamentals. The market-implied outlook (calculated using options) for developed international equities (EAFE) is quite favorable. The market-implied outlook indicates higher ris...

US valuations remain very high despite a recent selloff across the market cap spectrum. Developed foreign markets retreated to reasonable PE10 levels. Emerging market valuations have not budged much even with a more than 20% drop since February 2021. For further details see:...

We see the Ukraine war reducing global growth, increasing inflation and putting central banks in a bind. We prefer developed stocks in the inflationary backdrop. Stocks led by European equities bounced from 2022 lows last week, as oil prices came off highs. The European Central Bank a...

Putin’s gamble, and the West’s response, has brought into view one of the few existential tail risks that isn’t a Black Swan: the risk of an escalation into war between Russia and NATO, and the exchange of nuclear weaponry. We also know that the war between Ukrain...