Higher interest rates, a global slowdown, political instability and AI capex are just four things about which investors aren’t especially troubled in late summer.
This paper analyzes foreign demand for U.S. assets, with particular emphasis on U.S. Treasury securities. It documents compositional shifts in U.S. bilateral external positions across geographic regions and asset classes, providing estimates of creditor positions closer to a nationality-based concept. While rising U.S. equity prices explain a sizable share of the deterioration in the net…
Overlooked market areas may have a banner second half of the year. ETF Action co-founder Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major artificial intelligence stocks. He told “ETF Edge” this week that his list includes software and cloud computing names. Many have fallen from “nosebleed valuations” and…
We thank Anna Dreber Almenberg, Martha Bailey, Jonathan Cohen, Emma Duchini, Alex Frankel, Ryan Kellogg, Jack Mountjoy, Virginia Minni, Matt Notowidigo, Mikkel Plagborg-Møller, Charlie Rafkin, Shanthi Ramanth, Lutz Sager, and Witold Więcek for helpful conversations. We thank Giuseppe Cognata, Shravan Haribalaraman, Ari Jacob, Sedona Jolly, and Min Seo Kim for their excellent research assistance. Ganong…
A holy grail of environmental policy is an economy that delivers prosperity without requiring the ever-increasing consumption of raw materials. Increasing incomes while reducing environmental pressures hinges on the ‘decoupling’ of energy emissions from economic growth. Some countries in the global economy are moving in the right direction. But this good news can be misleading….
While the iShares Core S&P Small-Cap ETF (IJR +0.01%) offers concentrated exposure to profitable small-caps, the Schwab U.S. Small-Cap ETF (SCHA 0.17%) provides a broader, more tech-leaning portfolio with a lower expense ratio. Small-cap stocks are often a source of long-term growth, and these two funds provide two distinct ways to capture that segment. While…
GM began rolling out Google’s Gemini in eligible model year 2022 and newer Cadillac, Chevrolet, Buick and GMC vehicles in the U.S. earlier this year with Google Built‑in. Courtesy GM DETROIT — General Motors plans to launch a proprietary in-vehicle artificial intelligence system that’s better tailored for its customers later this year. The new GM…
