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…

Special Report

Listen to a short summary of this report.     Executive Summary Back From The Future: An Investor’s Almanac  Stocks will rally over the next six months as recession risks abate but then begin to swoon as…

Executive Summary Biden Taps China-Bashing Consensus   House Speaker Nancy Pelosi’s visit to Taiwan reflects one of our emerging views in 2022: the Biden administration’s willingness to take foreign policy risks…

Special Report

Executive Summary Non-Commodity Enterprises: No Profit Expansion For 12 Years  The past decade has seen a deterioration in the financial performance metrics of industrial Chinese companies. Declining efficiency of…

Executive Summary   EU Will Prioritize Natgas Storage  Russia’s reduction in natural gas flows through the Nord Stream 1 (NS1) pipeline to 20% of capacity will test the EU’s ability to keep the lights on…

Dear Client, In lieu of our weekly report next week, I will be hosting two webcasts with my colleague Arthur Budaghyan, Chief Emerging Market Strategist: Time To Buy EM/China? June 23, 2022 9:00 AM EDT (2:00 PM BST, 3:00 PM CEST)…

Special Report

Executive Summary Autocracy Hurts Productivity  Over the next six-to-18 months, the Xi Jinping administration will “let 100 flowers bloom” – i.e., relax a range of government policies to secure China’…

Listen to a short summary of this report.       Executive Summary Chinese Stocks Are Relatively Cheap  The Chinese economy faces a trifecta of economic woes: 1) The threat of renewed Covid lockdowns; 2)…

Special Report

Executive Summary Indian Voter’s Economic Miseries Are Ascendant  India has a strong strategic geopolitical position but is likely to face turbulence in the short term. This is because India remains expensive, and investors…

Special Report

Executive Summary Favor ASEAN And The Philippines  Southeast Asia is suffering from fading macro and geopolitical tailwinds but there are still investment opportunities on a relative basis. The peace dividend, globalization…