Equities
Thanks to their attractive valuations, European equities are piquing the interest of global investors. Is there more to the appeal of European stocks or do they remain a mere value trap?
The January US Producer Price Index came in slightly hotter than estimates, but decelerated to 0.4% m/m (3.5% y/y) from an upwardly-revised 0.5% in December. Core PPI, excluding food, energy, and trade services, was also stronger than expected, but also…
If the 130-day complexity of the Nasdaq versus 30-year T-bond collapsed to 1.30, it would signal the risk of a -20 percent market slump. This indicator, at 1.37, is not yet at critical, but we recommend that you keep a close eye on it on our website. Plus: an update on our recent trades.
The S&P 500 has struggled to re-test all-time highs since the US 10-year Treasury yield has crossed the 4.50% mark. Stocks have moved sideways since December, and January’s hot CPI print confirmed that equities remain averse to higher yields. During…
The preliminary February University of Michigan Consumer Sentiment Index missed estimates, falling to 67.8 from 71.1 in January. The decrease came from both expectations and the assessment of current conditions. Measures of 1-year and 5-10 year inflation…
Our Chart Of The Week comes from Melanie Kermadjian, from our Global Investment Strategy team. The S&P 500 has been in a bull market for nearly five years and is currently up 2.5% YTD. A lot has been thrown at the US stock market so far this…
This week, our three screeners focus on providing equity insights based on the impact of tariffs, and trade policy uncertainty in general, helping clients identify stocks exposed to these shocks.
Despite disruptive headlines, equity market volatility remains contained. The S&P 500 has been in a tight range since the last VIX spike, and news of a disruptive, cheaper AI technology has not sustainably brought down US tech stocks. Both implied and…
The January ISM Services missed estimates, decreasing to 52.8 from 54.0 in December. The move was driven by activity components, while employment and suppliers’ delivery times increased. Additionally, the prices paid measure decreased, reversing the…