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As the 2015 trading session grinds ahead, many investors are considering how changes in the global market environment will impact their investments and strategy. The collapse of energy prices, Greece’s impact on Euromarkets, US interest rate speculation and slowing growth in China are just a few important macro trends that will impact asset allocation and alpha generation in the year ahead.
As managing partner and chief investment strategist of Strategas Research Partners, Mr. Trennert is known as one of Wall Street’s top thought leaders on the subject of markets and economic policy. His presentation will take a top down approach to global markets with particular emphasis on the effects of policy, sentiment and economics on the one year investment horizon.
It is clear that strong fundamentals underpin all market rallies. With small caps trading at roughly 24 times earnings and the S&P reaching up to 16 times earnings, is there compelling reason investors will continue buying? Do stronger US employment reports and rising GDP projections support new highs? What are the underlying demographic and economic trends that inform this growth? Will we finally see a rising interest rate environment in 2015?
A recognized authority on a range of global and domestic financial issues, Mr. Ezrati will share his economic research and strategy, providing context and a further understanding of today’s global markets. Mr. Ezrati is the author of Kawari, one of the foremost books detailing the economic changes in Japan.
This year we saw major corrections in small cap securities and higher beta stocks. The strengthening US dollar, lower yields and a routing of the energy sector are all important factors to consider. The oil industry alone makes up 12% of the S&P. Are they leading indicators of pitfalls in the global economy?
With these and many more cross-currents in the market, having a solid understanding of the fundamental ingredients, economic insights as well as the technical picture can give you a holistic intermarket perspective for investing.
