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Special Report Listen to a short summary of this report.         Executive Summary The Number Of Babies Born In China Has Fallen By Close To 30% Since 2019  The number of births collapsed during the pandemic. While…
Executive Summary German GeoRisk Indicator  Russia and Germany have begun cutting off each other’s energy in a major escalation of strategic tensions. The odds of Finland and Sweden joining NATO have shot up. A halt…
Special Report Dear Client, This week, we present our inaugural report on ESG investing and the global energy transition. Henceforth, we will be publishing this research on the last Thursday of every month. Our principal ESG focus will be on the…
  Sweden’s Riksbank unexpectedly lifted its policy rate from zero to 0.25% on Thursday – marking an earlier-than-anticipated start to the tightening cycle. The central bank also announced plans to reduce the pace of…
Special Report Highlights All four of our US Equity indicators are currently pointing in a bearish direction. Our Monetary Indicator has fallen to a three decade low, our Technical Indicator has broken into negative territory, our Valuation Indicator…
Highlights Several factors point to both an improvement and a deterioration in economic and financial market conditions, underscoring that the 6- to 12-month investment outlook is unavoidably uncertain. On the one hand, the US will…
  According to BCA Research’s Global Fixed Income Strategy service, a sluggish economy will handcuff the ECB’s ability to raise rates as fast as markets are discounting over the next year. Markets are now pricing in…
Executive Summary Summarizing Our Main Investment Themes In One Chart  Our current strategic recommendations are centered around four key themes: global inflation will slow over the rest of 2022, Europe remains too weak to…
  April’s release of the Ifo Business Climate Index for Germany surprised positively by edging up to 91.8 from last month’s 90.8 level, beating expectations of further deterioration. A pickup in German businesses…
  As expected, French President Emmanuel Macron secured a second term in the final round of the French presidential elections on Sunday, beating far-right rival Marine Le Pen by 58.5% to 41.5%. EUR/USD benefitted from a brief…