The Conference Board’s Consumer Confidence Index measure hit a new pandemic low in August, slipping below its April level to make a new six-year low. The leading expectations component of the index also made a new pandemic…
The second wave of COVID-19 infections in the US has been disasterous, but new cases seem to have peaked around July 16th. Meanwhile, the second wave of infections is currently gathering steam in Europe. This differentiation will…
BCA Research's Geopolitical Strategy service concludes that investors should be prepared for a risk-off episode in the near term in case Congress fails to compromise on a major new fiscal stimulus. Ultimately the US…
Negotiations on a new round of US fiscal stimulus appear to have stalled. Financial markets are complacent for now, but the longer the stalemate continues, the more likely it is that investors will take notice. The fact of the…
Working from home has become much more common following the COVID-19 pandemic. This trend may remain in place for years to come, even if life regains a semblance of normality. Professors Jonathan Dingel and Brent Neiman from…
Markets have shrugged off the rise in COVID-19 cases in the US and new clusters in other places such as Spain, Hong Kong, Melbourne, and Tokyo (Chart 1). The MSCI All-Country World Index is now only 4% off its all-time high in…