I will be co-hosting a webcast with our Chief Geopolitical Strategist, Matt Gertken, in which we will discuss arguably the two biggest topics of the moment. The US Election Result, And The Pandemic: What Happens Next? on Friday November 6…
Highlights Chart 1Bond Yields Have Upside In A Blue Sweep Today’s US election has important implications for the near-term path of bond yields. In particular, a “blue sweep” outcome where the Democrats win…
Highlights COVID-19 In Europe: The latest surge in COVID-19 cases in Europe has unnerved investors who now see renewed national lockdowns increasing the risk of a double-dip European recession and continued deflationary pressures. ECB…
The S&P 500 fell 3.5% on Wednesday, the largest daily decline since June. Yet, the benchmark 10-year Treasury yield didn’t budge. If this was only a 1-day occurrence, it could be written off as a fluke. But in fact, the…
Highlights Global risk assets have more downside in the near term. The US dollar is primed to rebound. Without major fiscal stimulus in the US, the upside in the greenback will be substantial. China’s business cycle recovery…
Your feedback is important to us. Please take our client survey today. Highlights Mounting populism has created a structural tailwind behind inflation. The risk that inflation accelerates quickly is greater than the market…
Your feedback is important to us. Please take our client survey today. Highlights Duration: The Fed’s adoption of an Average Inflation Target and the emerging correlation between bond yields and a “blue sweep”…
Highlights Global Duration: US Treasury yields have started to creep higher and the move is likely to continue in the coming months regardless of who wins the White House. Reduce overall global duration exposure to below-benchmark,…