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James Picerno

  • Analysis & Comment

James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & comment - Page 6

Sunday’s announcement that the US and China will sharply reduce tariffs and continue to negotiate sparked a monster rally in equities around the world. The assumption is that progress on trade talks...
President Trump announced a US-UK trade deal yesterday, which may be an early sign of a thaw in the global trade war. Talks between China and the US scheduled for this weekend could bring more good...
Preliminary estimates for the US economic activity in the second quarter point to a recovery following a mild decline for GDP in the first quarter. The obvious caveat: Q2 data is still sparse and so...
The year started on a positive note as markets extended 2024’s rally. But as details of the dramatic shift in US tariff policy emerged, sentiment took a hit as 2025 unfolded. The defensive stance...
President Trump said he wouldn’t fire Federal Reserve Chairman Powell, but the pressure for rate cuts continues. The market, however, is still betting that the central bank will stand firm and leave...
The long-run expected total return for the Global Market Index (GMI) ticked higher in April, inching up to an annualized 7.0% from the previous month’s 6.9%. The analysis is based on three models...
Foreign markets continued to rally in March, leading returns for the major asset classes and extending a bullish trend for foreign assets in 2025, based on a set of ETFs. US stocks, US junk bonds,...
International diversification remains a winning strategy for equities so far this year. Rallies in all the primary regions of the world continue to lead US shares, which are still posting a loss year...
US economic activity looks set to post a sharply softer rate of growth in Wednesday’s initial estimate of first-quarter GDP, based on the median nowcast for several estimates compiled by...
In a turbulent year for financial markets, US equities and real estate investment trusts are still bearing the brunt of the selling so far in 2025, based on a set of ETFs through Friday’s close (Apr....