Equities have rallied since the low point in June but several headwinds remain, including a slower economic outlook, tightened financial conditions, and the end of the reopening dynamics coupled with an uncertain gas supply in Europe. Here are some thoughts regarding the European economic landscape and fundamentals behind companies having reported their half year financial results: The majority of European companies have reported their first half results. The levels of earnings beats remains very high. Indeed, the magnitudes of these […]

In this week’s commentary we discuss how the alchemy of art and science that goes into gardening is similar to Global Alpha’s investment philosophy.

We discuss Germany’s reduced gas supplies and its impact on our Germany holdings. The Emergency Plan for Gas for the Federal Republic of Germany was published in September 2019.

We discuss the fears of a potential recession as investor behavior has shifted from ‘buy the dip’ during the pandemic to ‘sell the rally’.

We discuss the how travel-exposed names will benefit from the summer vacation tailwinds. As the first official day of the summer approaches, it finally feels like the world is getting back to normal.

We discuss the exaggeration of the end of the brick and mortar economy and why the digital takeover did not quite live up to its promise.

We discuss the growth opportunities in the Philippines, an undiscovered country with plenty of potential to unlock value.

We discuss the recent falling out of favor of the video game industry among investors. After growing at 9% compound annual growth rate (CAGR) for the last decade, there is still much to get excited about regarding the long-term prospects of the video game industry.

We discuss the implications of supply chain disruptions and abrupt changes in market conditions, and the impact it could have on our portfolios.

We discuss factors contributing to what some experts in the U.S. are calling the tightest labour market in 70 years.

We discuss low inflation in Japan. When most countries are wrestling with rising inflation, Japan is the outlier.

We discuss the impact higher input prices are having on household sentiment, consumer behavior, and the service economy.

In this week’s commentary, we discuss the old school industries giving the term FANG a new meaning. In 2013, the investment world was introduced to the term FANG by CNBC’s Mad Money host. Of course, we all know the tech giants represented by this acronym: Facebook, Amazon, Netflix, and Google.

In this week’s commentary we predict that a 2% inflation goal in the U.S. is not achievable for many years to come.

In this week’s commentary we discuss market reaction over the ongoing presidential election in France and provide an update on three of our French holdings.