Gold prices might experience a correction or consolidation over the near term. However, cyclical and structural forces will ultimately cause the yellow metal to trend upwards.
Earlier this year, WTI oil prices peaked on April 5th at $87.69 per barrel. They have since corrected by 12.7%. Should asset managers expect this decline to continue? Our Global Investment Strategy team believes oil prices…
We close our overweights to Energy and Aerospace & Defense. The macroeconomic backdrop is deteriorating for Energy. As for A&D, the good news is already priced in.
The risk-on soft-landing narrative dominated markets in May, with both equities and bonds rallying throughout the month. Meanwhile, the counter-cyclical US dollar slumped, and the cyclical euro appreciated against the greenback…
According to BCA Research’s Commodity & Energy Strategy service, the oil demand forecasts from the IEA, EIA, and OPEC are too optimistic. The IEA, EIA, and OPEC all anticipate oil demand growth to slow this year…
The US economy is in the “Overheating” phase, so stronger growth brings higher inflation. Tight monetary policy means recession is still likely over the next 12 months. Stay defensive.
Generative AI-related rally resumed in May. Much of the recent market gains are down to excess liquidity that was begotten by the massive pandemic stimulus, creating a dichotomy between multiple economic challenges and exuberant…
MacroQuant sees significant downside risks to stocks over a 1-to-3 month horizon and suggests increasing allocation to long-term bonds. The model favours defensive equity sectors but is also hedging its bets by overweighting…