Our European Investment Strategy and GeoMacro Strategy teams published a joint report, digging into the structural challenges behind Europe’s economic underperformance, while pointing out to potential turnaround…
The November ISM Services PMI missed expectations, declining to 52.1 from 56 in October. All subcomponents declined, with new orders falling from 57.4 to 53.7. Employment also weakened but remains in expansion, while price…
The Federal Reserve’s Beige Book shows a modestly growing economy imbued with post-election optimism, while highlighting some caution about employment. The latest Beige Book is in line with other sentiment indicators…
Our Global Asset Allocation strategists published their monthly tactical asset allocation report and foresee a change of trend for 2025. “Thin is back in” for government budgets, growth, and valuations. The post-…
Job openings beat expectations in October, increasing to 7.74m from 7.44m in September. The details of the JOLTS report were mixed, however. Hires ticked down, driven by interest rate-sensitive sectors. Outside of hires, the rest…
France finds itself in a unique, thorny situation. Can it heave itself out of it? And what does it mean for investors?
Investors have given up on European assets, which now suffer exceptional discounts to US ones. However, tighter US fiscal policy, the end of Europe’s austerity and deleveraging, the LNG Tsunami about to hit European shores, and the…
As 2024 closes out a busy electoral calendar for North America, our Geopolitical strategists look at Canada, where an election will be held by October 2025. Canada is poised for a likely change in leadership next year.…
November trading was centered around the US election and its aftermath. US assets led the way, with US equities significantly outperforming their global counterparts. The US dollar strengthened considerably against both DM and EM…