COVID II Policy Financial markets continue to be confused about the direction of the economy amidst a new surge in COVID cases and political uncertainty. The U.S. jobless claims report this morning was lower than expected while September existing home sales were strong. But the job market is decelerating, and a second stimulus package is stuck until after the election. Some complain that the stimulus helps Wall Street but not Main Street so much. This may be why a survey of European small and medium-sized business revealed over half feared bankruptcy if shutdown orders continue. As a share of GDP, Canada has spent more on stimulus than the rest of the G20, yet its unemployment rate remains the highest amongst the G7. Governments took a ha...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...