Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Executive Summary For the first time in a decade, it is much less attractive to buy than to rent a home. In both the UK and US, the mortgage rate is now almost double the average rental yield. To reset the equilibrium between buying…
Special Report Please note I will be hosting a live webcast on September 29, 2022 at 9:00 AM HKT for the APAC region. I will discuss the global/China/EM macro outlooks and financial market implications. For clients in the Americas and EMEA, we had a…
Special Report Executive Summary What To Do With The Euro?  The outlook for European assets is uniquely muddled. European energy prices will remain elevated, but the worst of the adjustment is already behind us. The global economy is…
Special Report Executive Summary Turkey is staring into an abyss: economic crisis that will morph into political crisis in the June 2023 election cycle. President Erdoğan will pursue populist economic policies and foreign policy adventurism to try…
In lieu of next week’s report, I will host the monthly Counterpoint Webcast on Thursday, September 22 (9:00 AM EDT, 2:00 PM BST). In this Webcast, I will discuss the near-term and longer-term prospects for all the major asset classes…
Dear client, We will not be publishing the US Equity Strategy next week, as I will be participating in BCA Investment Conference. We will return to our regular publishing schedule on September 19, 2022. Kind Regards, Irene Tunkel…
Next week, on September 7-8, is the BCA New York Conference, the first in-person version since 2019. I look forward to seeing many of you there, and if you haven’t already booked your place, you still can! (a virtual version is also…
Listen to a short summary of this report.     Executive Summary A Beacon Of Hope For AUD  Along with the Canadian dollar, the Aussie has been one of the best performing currencies during a broad-based dollar…
Executive Summary US Companies Will Attempt To Raise Selling Prices To Protect Their Profit Margins  China needs lower interest rates and a weaker currency to battle deflationary pressures. In the US, the main problem is…
Special Report Executive Summary Definitions Matter  Year-to-date, cyclical stocks have underperformed their defensive counterparts. It is difficult to quantify this underperformance precisely considering the divergence in definitions of…