January’s flash PMIs for the major developed markets showed that manufacturing contracted at a slower pace and service activity continues to display significant regional differences. Moreover, the performance gap between the US and…
Our Global Investment strategists believe the US economy is in a more precarious position than investors realize. A slowdown in growth could raise unemployment, while stronger activity may heighten inflation worries. The…
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…
The Magnificent 7 have a leg up on AI investments over the rest of the market. Although the future impact of AI on productivity and profits is still debated, current tech stocks valuations reflect great optimism that AI indeed will…
Sentiment will stay positive for now, but downside risks are rising. Investors should proceed cautiously in stock picking and portfolio construction at this juncture, given rising economic and policy uncertainty, which threaten…
President Trump is about to be inaugurated. Investors often assume all his policies will hurt Europe, but the reality is more nuanced.
Our US Political strategists published a Special Report on the trade and fiscal policies likely to be implemented on Day One as the Trump administration takes over Washington. Trump is likely to implement significant tariffs…
Our Chart Of The Week comes from Marko Papic, Chief Strategist of our GeoMacro Strategy service. Marko has argued that the most important macro story over the past decade has been the transition from the Washington Consensus,…