Following a 12-year-long bear market, Greek equities have returned a whopping 186% in EUR terms from their 2016 lows. The Greek macroeconomic backdrop has indeed improved. Since 2021, Greece’s nominal GDP growth has…
The decline in oil prices accelerated this month. Although Wednesday’s moves reversed Tuesday’s sharp daily declines, Brent and WTI have fallen 11% and 10% so far in September, and 30% and 33% from their April peaks…
Despite global bond yields having trended lower since April, bonds have only started outperforming equities since July in US dollar terms. We expect this outperformance to persist going forward. Sentiment has largely driven…
Our reaction to this morning’s CPI report and what it means for Fed policy.
Despite the disastrous performance by former President Trump in the debate with Vice President Kamala Harris, there are still paths for him to come back to power. The economy and global instability could flare up anytime between now…
Consumer credit rose by USD 25.5bn in July (to USD 5,093.7 bn outstanding), more than twice the expected growth. However, revisions suggest that June’s consumer credit growth was slower than initially reported (USD 8.9bn to…
US small business optimism unexpectedly shed 2.5 points to 91.2 in August, the largest monthly decline since 2022, retracing nearly half of the index’s advance since March. The NFIB Small Business Optimism has oscillated in…
The BoE embarked on its easing cycle in August, delivering its first 25 bps rate cut. The decision was nowhere near unanimous, with 5 MPCs out of 9 voting in favor of lowering policy rates. Indeed, while headline inflation is…
According to BCA Research’s Private Markets & Alternatives service, the Sports Franchise market presents a compelling opportunity for Private Equity due to its strong growth potential, evolving business models, and…
The undercurrents of global financial markets signal deteriorating global growth conditions. There is little cash on the sidelines in the US, the Euro Area, and Japan. If the budding bear market resembles the 2000-2003 one, EM stock…