Go Global

GLOBAL MARKETS CALL: Still A Worldwide Bull Market

Sep 6, 2026 4 min read

Stock prices continue to rise worldwide. A run of central bank meetings over the coming weeks will test whether equity composure holds. Bond yields are also rising worldwide. The question is whether that reflects better-than-expected economic growth, higher-than-expected inflation, and/or looming fiscal debt crises. Equities are voting for growth. We are too. Here's more: I. Global Stock Markets The US-to-Developed World

Ed Yardeni
Toby Hearst

GLOBAL MARKETS CALL: Bull Market In Stocks Despite Bear Market In Bonds

Aug 30, 2026 4 min read paid

Bond yields are rising worldwide, but that's not stopping the global bull market in stocks. For now, investors are reading higher yields as a sign of economic growth rather than a threat to it, so the "Go Global" trade is still working. South Korea and Taiwan are back at the top of August's leaderboard after July's shakeout. The AI-linked markets that

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: Momentum Is Back

Aug 16, 2026 3 min read paid

Momentum is back in the Go Global trade. The rotation that hit the AI-linked stock markets in July has reversed, and the leadership that held for most of 2026 is back in play. South Korea is the clearest sign of this development. The KOSPI is up more than 20% from its July 30 closing low. That ends a brutal stretch. The index fell almost 40% from its June peak

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: Will Yen Yin Or Yang Financial Markets?

Aug 9, 2026 4 min read paid

The Go Global investment strategy has outperformed Stay Home this year, and August has not changed that. Korea and Taiwan are back at the front of the performance rankings to start the month, with China lagging again. Last week, Japan and the US jointly bought yen for the first time since 1998, following its fall to a near 40-year low of around 164 yen per dollar. US Treasury officials

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: Damage From AI & War Shocks Has Been Minimal

Aug 2, 2026 4 min read paid

The global economy has been hit by two shocks this year and absorbed them well. The war that started in March pushed oil prices higher and disrupted global supply chains. The AI trade then took a dive in July, with Asian semiconductor stocks hit the hardest. Neither the initial shocks nor the aftershocks seem to have damaged the global economy so far. President Donald Trump said on Saturday that he

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: Getting Yin-Yanged By The Latest Gulf War

Jul 26, 2026 4 min read Premium Member tier

The re-escalation of the latest Gulf War pushed the price of Brent crude oil back up to $101.06 on Thursday. It was back down this evening as low as $86.58 after Iran reportedly said it would suspend attacks as long as the US does the same. Last week, rising oil prices were a headwind for the Go Global trade relative to Stay Home, because they fall harder

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: War & Peace

Jun 28, 2026 4 min read paid

During the Napoleonic Wars, British financier Nathan Mayer Rothschild allegedly said: "Buy on the sound of cannons, sell on the sound of trumpets." This has become a legendary contrarian investing maxim. It suggests you should buy stocks when war or panic causes markets to plummet ("cannons"), and sell to lock in profits when peace returns and market euphoria sets in ("trumpets"). The maxim seems

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: The Fog Of War Is Lifting

Jun 21, 2026 3 min read

As we’ve flagged in recent weeks, an end to the conflict in the Middle East should see many foreign stock markets outperform the US. Lower oil prices reduce global inflationary pressures, give central banks room to ease policy, and tend to benefit oil-importing economies, particularly in emerging markets, more than the US, which exports oil. Last week’s tape delivered exactly that, with Asia leading the Go Global

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: Peace Dividend Should Revive 'Go Global'

Jun 14, 2026 4 min read

The past week was a win for our "Go Global" pivot at the end of last year, as foreign equity markets mostly outperformed the "Stay Home" alternative, i.e., the US stock market. Most of the move came in anticipation of lower oil prices on a possible deal between the US and Iran to end their war. This evening, both sides confirmed that a memorandum of

Ed Yardeni
Toby Hearst

GLOBAL MARKETS CALL: 'Go Global' Getting Fried By Rising Fed Rate Hike Expectations

Jun 7, 2026 4 min read paid

Hot US data are pulling capital flows back home. The US share of the All Country World (ACW) MSCI is at 63.7%, well off the early-2025 peak of 67.4% but firming again. Europe’s share has slipped to 13.8% and Japan’s to 5.0% (chart). Emerging Markets’ share, at 12.3%, is near its cycle high. The ratio of the US MSCI to the ACW

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: 'Go Global' Should Outperform When Strait Reopens

May 31, 2026 4 min read paid

Our call to Go Global rather than Stay Home has paid off so far this year, despite the latest war in the Middle East, which boosted Stay Home, especially in March. However, Go Global was mostly driven by the AI trade in South Korea and Taiwan. The Emerging Markets MSCI ETF (EEM) is up 25.4% ytd against 10.9% for the S&P 500. Moreover, we recommended staying

Ed Yardeni
Toby Hearst

GLOBAL MARKET CALL: US-Iran Deal Would Boost Go Global Investment Strategy

May 25, 2026 5 min read paid

On Sunday night, Reuters reported that oil prices slipped to a two-week low as US-Iran talks seemed to be moving closer to a peace deal. Then again, the news service also reported that President Donald Trump is in no rush to make a deal and that the US will continue to blockade Iran. If so, then Iran will continue to blockade the Strait of Hormuz. Nevertheless, Japan'

Ed Yardeni
Toby Hearst

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