China's economic recovery will be led by consumer spending on services rather than the industrial sector. The current equity market leadership – outperformance by tech stocks – is unsustainable. Persistent deflationary forces will…
This week, we look at the latest data releases in the G10, along with implications for all the major currencies.
According to BCA Research’s Foreign Exchange Strategy service, a winning strategy is to be long currencies where real interest rates could rise in a recession. These include petrocurrencies (specifically the NOK), as…
The latest US and Eurozone CPI inflation releases both surprised to the downside, fueling optimism among investors that central banks will soon pivot. However, US labor market dynamics remain very tight. The November…
Prefer government bonds over stocks, defensive sectors over cyclicals, and large caps over small caps. Favor North America over other markets. Favor emerging markets like Southeast Asia and Latin America over Greater China, Turkey,…