Tina Byles Williams and Adam Choppin, Author at Xponance | Asset Management and Investment https://www.xponance.com/author/tina-byles-williams-and-adam-choppin/ An asset management and investment firm focused on emerging manager strategies Tue, 27 Jan 2026 14:38:20 +0000 en-US hourly 1 https://www.xponance.com/wp-content/uploads/2019/10/Favicon-01-3.png Tina Byles Williams and Adam Choppin, Author at Xponance | Asset Management and Investment https://www.xponance.com/author/tina-byles-williams-and-adam-choppin/ 32 32 Latam Markets in 2026: Revolution, Revelation, or Reversion? https://www.xponance.com/latam-markets-in-2026-revolution-revelation-or-reversion/ Mon, 26 Jan 2026 19:07:41 +0000 ® Insights]]> https://www.xponance.com/?p=243628 After a historic year of outperformance, what’s next for Latin American markets in 2026? Will these traditional “hot money” markets give back their gains or is this a turning point for these former investor darlings turned market minnows?

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]]> The Price of Distrust ─ Part 2: The Costs of Political Interference at the Fed https://www.xponance.com/the-price-of-distrust-%e2%94%80-part-2-the-costs-of-political-interference-at-the-fed/ Wed, 22 Oct 2025 17:27:07 +0000 ® Insights]]> https://www.xponance.com/?p=243279 45 years of de facto Fed independence appears increasingly at risk. President Trump has already installed one Fed Governor, is attempting (possibly illegally) to dismiss another, and has triggered market speculation about his ability or willingness to even dismiss the Chairman. What does this mean for markets?

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]]> The Price of Distrust: How Much Downside Could There Be in U.S. Equities? https://www.xponance.com/the-price-of-distrust-how-much-downside-could-there-be-in-u-s-equities/ Thu, 17 Jul 2025 15:49:34 +0000 ® Insights]]> https://www.xponance.com/?p=242927 For the past 15 years, global investors’ default positioning was to hold U.S. Dollars as the most obvious choice of non-domestic currencies (and maybe most obvious overall choice) and when investing outside their own equity markets, to look first to the U.S.

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]]> The Fraying Trans-Atlantic Alliance is Making Europe Great Again https://www.xponance.com/the-fraying-trans-atlantic-alliance-is-making-europe-great-again/ Mon, 21 Apr 2025 19:00:13 +0000 ® Insights]]> https://www.xponance.com/?p=242592 America – or at least the Trump Administration – and Europe are clearly seeing the world differently these days.

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]]> The Precariat Are Still Mad! Part III – How Should Investors Play the Next 4 Years? It Depends! https://www.xponance.com/the-precariat-are-still-mad-part-iii-how-should-investors-play-the-next-4-years-it-depends/ Wed, 15 Jan 2025 20:33:33 +0000 ® Insights]]> https://www.xponance.com/?p=242389 This piece is the third in a three-part series on the issues that led to 2024’s anti-incumbent party backlash. Here, we evaluate the trade and other fiscal proposals put forward by the incoming Trump administration, as well as their investment implications.

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]]> Laboring Under Pressure: Are Labor Supply Trends Breeding Long-Term Stagflationary Conditions? https://www.xponance.com/laboring-under-pressure-are-labor-supply-trends-breeding-long-term-stagflationary-conditions/ Thu, 31 Oct 2024 17:32:37 +0000 ® Insights]]> https://www.xponance.com/?p=242224 As risk-on traders take a victory lap amid surging equity markets and now renewed monetary policy accommodation, the expectations for a soft landing in the U.S. economy now form the base case scenario for a preponderance of U.S. investors.

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]]> This Time Really Is Different in Japan, But Maybe Not for the Reasons You Think https://www.xponance.com/this-time-really-is-different-in-japan-but-maybe-not-for-the-reasons-you-think/ Mon, 15 Apr 2024 15:45:14 +0000 ® Insights]]> https://www.xponance.com/?p=241585 Japan had been hiding in the same place where it was last seen in 1989 off the coast of north east China; but apparently while no one was watching (or at least no one in the American financial press) the Japanese stock market’s bell weather index, the Nikkei 225, surpassed its historical high set in 1989.

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]]> The View From the Top: What the Markets Look Like at a Potential Top of the Rate Cycle https://www.xponance.com/the-view-from-the-top-what-the-markets-look-like-at-a-potential-top-of-the-rate-cycle/ Fri, 26 Jan 2024 16:13:44 +0000 ® Insights]]> https://www.xponance.com/?p=241331 Investors’ 2023 New Years’ resolution was apparently to forgive and forget their travails of 2022, as global markets spent 2023 shrugging off the prior years’ anxieties. Excluding emerging East Asia, major global markets have already fully recovered from their losses related to the inflation induced rate cycle kicked off in early 2022.

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]]> Time for a New China Strategy? The Case for Decoupling Asset Allocation in Chinese Risk Assets: Q3 2023 Market Outlook https://www.xponance.com/time-for-a-new-china-strategy-the-case-for-decoupling-asset-allocation-in-chinese-risk-assets-q3-2023-market-outlook/ Mon, 23 Oct 2023 14:47:48 +0000 ® Insights]]> https://www.xponance.com/?p=241087 Already responsible for an estimated $5 billion in stimulative consumer spending - the equivalent of the entire annual earnings of Starbucks, American Airlines, or FedEx - the Taylor Swift ‘Eras’ Tour is doing more than its part to save the global economy. However, the economic phenomenon being dubbed ‘Swiftonomics’ will forsake China, as the pop legend’s tour plays four dates in Japan and a record six dates in Singapore, but not in the world’s second largest economy.

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]]> The Great Rebalancing: Q1 2023 Market Outlook https://www.xponance.com/the-great-rebalancing-q1-2023-market-outlook/ Wed, 18 Jan 2023 13:45:37 +0000 ® Insights]]> https://www.xponance.com/?p=239890 The investment ocean is roiling. The steady ship of 60/40 had its worst year in a generation and many investors are left feeling either adrift in the storm or run aground on a deserted isle.

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