Petro and Colombia’s Rule of Law

Petro and Colombia’s Rule of Law

Former M-19 rebel Gustavo Petro won Colombia’s runoff presidential election Sunday with 50.5% of the vote. His opponent, businessman Rodolfo Hernández, received 47.3%. The rest of the votes were either left intentionally blank or annulled by electoral authorities. With nearly half of all voters declining to endorse Mr. Petro, there is no mandate for radical … Read more

Kazakhstan Takes a Step Toward Democracy

President Kassym-Jomart Tokayev casts his referendum ballot in Nur Sultan, Kazakhstan, June 5. Photo: AMAN / Associated Press Kazakhstan is an exception: a post-Soviet Central Asian state embarking on a path of democratization and liberalization in a region dominated by authoritarian neighbors. On Sunday the country held a referendum — its first in 27 years … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds – and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward … Read more

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward … Read more

OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of ​​suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said. Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers … Read more

10 killed in mass shooting at Buffalo, New York, supermarket; Investigated as a hate crime

BUFFALO, NY – A gunman in military-style clothing opened fire with a rifle at a supermarket in Buffalo, New York, in what authorities called a “hate crime and racially motivated violent extremism,” killing 10 people and wounding three others before being taken into custody Saturday. afternoon, law enforcement officials said. The gunman was identified as … Read more

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that … Read more