Highlights U.S. Politics: We recommend that investors look through the political noise in D.C., which is unlikely to arrest the current cyclical economic upturn. Maintain a pro-growth asset allocation within fixed income portfolios:…
Dear Client, In addition to this abbreviated Weekly Report, I am sending you a Special Report discussing the signals being sent from recent movements in commodity prices. Best regards, Peter Berezin, Chief Global Strategist Feature…
Highlights The political theater in Washington has caused the last inning of the dollar correction to materialize. The U.S. economy remains at full employment, growth will stay above trend, and the Fed will be capable of hiking rates…
Highlights Markets will survive late spring and summer unscathed; Macron will win the French election; Trump's agenda is not going down in flames; U.K. snap polls support our sanguine view on Brexit; Fade the rally in…
Highlights Treasury yields have slumped since early March, helping to push down the dollar. Slower U.S. growth in the first quarter of the year, weak inflation readings, uncertainty on tax reform, the prospect of a government shutdown…
Highlights The sequential improvement in global trade is less pronounced than the annual growth rates in the Asian trade data imply. China has been instrumental to the recovery in global trade but mainland's credit and fiscal…
Highlights The rally in risk assets appears to have stalled, raising fears that the misnamed "Trump Trade" has ended. Investors are attaching too much importance to the reality show in Washington and not enough to the…