EFO News and Press, ProShares Ultra 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...

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...

The global economy expanded for a twentieth straight month in February, according to the JPMorgan Global PMI™ with the rate of expansion accelerating from January's 18-month low as the COVID-19 Omicron wave showed signs of easing. Global GDP growth in Q1 2022 so far looks slowe...

Emerging Markets are outperforming the rest of the world, due in large part to windfall profits in the commodities-exporting countries of South America and the Middle East. If you want to follow the money, this is a good place to start. Money has been flowing out of tech, consumer dis...

As the world reels from the crisis, the blowback is rippling across the world economy and markets. The current risk premia analysis implicitly recommends managing expectations down for GMI and other global multi-asset-class portfolios. The mean reversion factor is estimated as the...

Financial markets are reacting as expected to the heightened uncertainty. In the first days of the invasion, global equities plunged while safe-haven assets rallied. In short, while we have anticipated a broader, cyclical turn against the dollar could be underway, this shift in favor ...

Impact of sanctions against Russia. Boomerang effects of sanctions against Russia. Will the U.S. Fed continue its course to raise rates? For further details see: Will Historic Sanctions Against Russia Impact Global Interest Rates?

We are tactically upgrading equities as we see greater clarity on the Ukraine conflict and reduced risk of central banks slamming the brakes to curb inflation. The S&P 500 slid into correction territory as Russia invaded Ukraine last week, but rebounded afterward. Bond prices show...

We up our strategic overweight to developed market equities, but near-term elevated geopolitical tensions keep our tactical shopping basket on hold. Equities retreated as investors took renewed fright over the military stand-off involving Ukraine, helping pull down short-term bond yie...