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A blow against AMLO bodes ill for Mexico

After seven months of labouriously convincing the international markets that he can be trusted with the presidency of Mexico, Andres Manuel Lopez Obrador risks seeing all his work undone by tweet. The sudden resignation of Carlos Urzua as his finance minister, and the resignation letter he posted on Twitter are deeply damaging. In combination, they are almost exactly what investors ...

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HBO and Netflix: From ‘friends’ to foes

Netflix Inc. and the soon-to-come HBO Max app need a little of what each other has. In the meantime, consumers may be the ones who lose out. If you’re like me, you’ve started to realise that despite a vast number of video-streaming apps, none on its own offers the ideal mix of content best suited to your tastes. And if ...

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Bonds suggest a ceiling for the stock market

Corporate credit markets have bad news for stock investors. Low yields imply that it’s going to be tough for stocks to rally much further from here. Since equities made what was then an all-time high in January 2018, performance of the stock market has largely tracked the movement of investment-grade corporate bond yields. The rise in yields in 2018 acted ...

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