Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Skip to main content

Equities

The RBI Will Cut Rates Substantially
India’s sharp CPI undershoot will bring forward rate cuts, supporting a long on local bonds. Headline CPI fell to 1.55%, well below the RBI’s 2-6% target range, pointing to earlier and deeper easing than markets price. Our Emerging Markets strategists…
Daily Insights by Arthur Budaghyan
US To Outperform Tactically As European Data Fades
US equities are set for tactical outperformance versus Europe, but dips or underperformance in European assets remain entry points for long-term investors. European stocks have stalled below prior highs, while the S&P 500 has rebounded to record levels…
Daily Insights by Felix-Antoine Vezina-Poirier
Volatile Services, Tariff Risk Mask Underlying Disinflation
July US CPI met expectations as leading indicators point to disinflation, supporting our long duration stance and preference for 2s5s steepeners. Headline CPI rose 0.2% m/m (2.7% y/y), while core increased 0.3% m/m and accelerated to 3.1% y/y. Both goods…
Daily Insights by Felix-Antoine Vezina-Poirier
Closing Q2 Earnings Season
Our US Equity strategists view Q2 earnings as confirmation of corporate resilience, but caution that the full impact of tariffs is still ahead. Strong results show that companies have weathered tariff-related costs through effective mitigation…
Daily Insights by Felix-Antoine Vezina-Poirier
Trade Uncertainty Gives Way To Economic Recovery

US tariffs will not derail the low-inflation economic recovery underway in the Euro Area. Investors should overweight European equities, focusing on parts of the market more insulated from tariffs.

European Investment Strategy by Jeremie Peloso
Weekly Screeners: Deep Cyclicals, And Getting Technical

This week we develop two ideas with three screeners. The first identifies deep cyclical sectors that continue to outperform post Liberation Day in the US. We provide two screens to identify equity opportunities for this.  Our final screener identifies momentum stocks that are cheap and trending and will benefit from a soft landing.   

Equity Analyzer by Guy Russell, Henry Tang
Chinese Stocks: A Rally On Thin Ice
Our China Investment strategists maintain a defensive stance on Chinese equities, favoring A-shares over offshore markets. The earnings outlook remains weak, and the full impact of US tariffs has yet to be felt. Chinese equities have decoupled from the…
Daily Insights by Felix-Antoine Vezina-Poirier
Low Global Vol Keeps BTP-Bund Spread Tight
The BTP-Bund spread has tightened to pre-2010s levels, but with global growth risks we favor Gilts over Bunds and prefer BTPs over credit. While the EURO STOXX 50 remains rangebound since the Liberation Day recovery, European financial stress remains low. The…
Daily Insights by Felix-Antoine Vezina-Poirier
Korea: A Deflationary Shock Ahead
Our Emerging Markets strategists recommend downgrading Korean equities from overweight to neutral and staying long 10-year Korean bonds, currency unhedged. A deflationary shock from shrinking exports will ripple through the Korean economy, overwhelming…
Daily Insights by Felix-Antoine Vezina-Poirier
Markets Are Wrong On US Interest Rates, One Way Or Another

Expectations for US inflation at 3.3 percent are inconsistent with expectations for the Fed to slash rates, so one of these expectations is likely wrong. We describe how to play this mispricing. Plus, a new position is to go overweight global consumer discretionary (RXI).

Counterpoint by Dhaval Joshi

Related Topics

AI BCA Indicators/Model BDCs Bubbles/Crises/Manias Commodities Commodities & Energy Sector Country In-Focus Currencies Defaults Deleveraging See more Topics