Home 2018-05-14T12:08:11+00:00

The Global Market Update is curated by Douglas Tengdin, CFA an employee of Charter Trust Company.
The opinions expressed herein are those of the author and do not necessarily represent the views of Charter Trust Company.
Investments may involve investment risk, including the possible loss of value.

Helping Habits Succeed

By | June 27th, 2018|

How can we establish good habits? Photo: Jack Moreh. Source: Free Range Stock Photos The key to reaching long-term goals is establishing good, sustainable habits. Whether it’s saving for retirement or losing weight or improving your smile, we have to adjust our daily routines in order to reach our final destination. Habits can be powerful and empowering. Along the 2,600-mile Pacific Coast Trail, scores of [...]

Up-Shift or Down?

By | June 26th, 2018|

Where will autonomous vehicles (AVs) take us? Waymo AV. Source: Wikimedia Self-driving cars are in the news. In Phoenix last month, Waymo – Google’s autonomous vehicle project – announced they have plans to let everyone in the Arizona city request a driverless ride before year-end. They’ve ordered thousands of electric Chrysler Pacifica minivans and Jaguar I-Pace SUVs. They trick them out with lidar and other [...]

Receiving Guidance

By | June 25th, 2018|

Why do companies provide quarterly earnings guidance? Photo: Michael Richter. Source: Morguefile Every few months we hear about companies that beat expectations for their quarterly earnings, or fall short, or do something different. Sometimes there are business combinations or spin-offs that confuse the issue. Other times the accounting profession changes the way corporations need to report their financial numbers. Some CEOs criticize the market’s quarterly [...]

Libraries and Lions

By | June 22nd, 2018|

Are libraries becoming an endangered species? Marble lion outside NY Public Library, Public Domain. Source: Wikimedia Public libraries have been a staple of American life since Ben Franklin helped found the Library Company of Philadelphia in 1731. He and his friends started their membership-based library to pool their resources and acquire and curate a collection of books and papers. In its founding document, the Company [...]

Emerging from Where?

By | June 21st, 2018|

Are the wheels about to fall off Emerging Markets? Photo: Alvimann. Source: Morguefile Two decades ago, emerging countries were facing economic pressure from a rising dollar, slowing domestic economies, and huge financing needs. The Asian Financial crisis caused local stock markets and currencies to plummet. There was massive economic hardship, with riots and political turmoil in Indonesia and the Philippines. Developed markets looked like they [...]

Extrapolating the Future

By | June 20th, 2018|

Remember 2001: A Space Odyssey? Fair Use. Movie poster by Robert McCall. Source: Wikipedia The movie was released in 1968, and was both praised and panned at the time. Some critics called it the most extraordinary movie of any time or place, while others said that it was only extraordinarily dull. The file did run almost 3 hours, and contains no dialogue for the first [...]

Consuming Liquidity

By | June 19th, 2018|

What is a liquid alternative? Coffeeshop in Greenwich Village. Photo: Joe Mabel. Source: Wikimedia Alternative investing is investing in something other than traditional stocks, bonds, and cash. It can include real-estate, commodities, precious metals, or collectibles, like art and wine. Its appeal is their lack of correlation with the major asset classes. If these assets rise in price but zig when other things zag, they [...]

Wealth Wanderings

By | June 18th, 2018|

Is the wealth effect real? Photo: hcmholms. Source: 500px It makes some sense. After all, wealthy people spend more than poor people. And they buy fancier clothes, fancier food, and fancier toys. So if the Fed wants to boost the economy – which is 70% consumer spending – why wouldn’t they try to lift asset prices and juice people’s wealth? But just what makes someone [...]

A Boring Project

By | June 15th, 2018|

Is Elon Musk boring? TBM that tunneled under Mont Blanc, from Switzerland to Italy. Photo: Cooper.ch. Source: Wikimedia That’s what I wondered when I read that the tech billionaire just won the bidding to build a high-speed link from downtown Chicago to O’Hare Airport. A year ago Musk announced that digging holes in the ground – using a Tunnel Boring Machine (TBM), the type of [...]