The latest version of the MacroQuant model suggests that the bull market in US stocks is winding down. The model expects Treasury yields to fall later this year but is not ready to go long duration just yet.
The latest version of the MacroQuant model suggests that the bull market in US stocks is winding down. The model expects Treasury yields to fall later this year but is not ready to go long duration just yet.
The Bank of Canada cut by 25 bps to 3% as expected, and announced the end of quantitative tightening. This sixth consecutive cut brings the policy rate further into neutral territory, estimated to be in the 2.25%-to-3.25% range.…
The January 2025 ECB bank lending survey saw a net tightening of credit standards in Q4 2024. Credit standards were tightened for business and consumer lending, and were roughly unchanged for home mortgage loans. Banks expect further…
Global risk assets are engulfed in a wave of euphoria, which is pulling Europe higher along the way. However, risks still abound. How should investors adjust their allocation to Europe under these highly uncertain conditions?
Despite the choppy price action of the last few weeks, equity sentiment remains elevated. Surveys of investor sentiment remain at the top end of the bullish spectrum, and the S&P 500 is trading over 22x forward earnings, levels…
Our Foreign Exchange strategists recently provided an update on their US and Australian dollar views. The US dollar remains overbought and may continue rising as a momentum currency, but cyclical indicators suggest a…
Until recently, Canada had been flying under the radar, yet it presents an interesting macro case. The Bank of Canada hiked rates in lockstep with the Fed, but it began cutting earlier due to a more fragile Canadian economy. Domestic…
Our Emerging Markets strategists put together a hypothetical conversation between President Trump and Treasury Secretary nominee Scott Bessent on what economic policy would look like for the Trump 2.0 administration. …