It is too early for the RBA to begin cutting rates. Inflation remains above target, with core CPI currently standing at 3.4%, one of the highest numbers amongst major economies. The labor market is also fundamentally strong.…
Climbing US bond yields, alongside higher oil prices, might spoil the party for global risk assets. There are budding cracks in EM domestic bonds, and even though we like this asset class in the long run, investors exposed to it…
Flash estimates for Euro Area inflation in March surprised to the downside. Headline inflation slowed from 2.6% to 2.4% versus expectations of 2.5% and core inflation eased from 3.1% to 2.9% versus expectations of 3%. While the…
The analysis of complexity is a massive competitive advantage in investing, and from today, clients will be able to monitor the complexities of the world’s 17 major investments on our webpage in real-time.
The Dallas Fed released its trimmed mean PCE inflation rate for February on Friday. The trimmed mean PCE is a measure of underlying inflation which excludes the top 31% and the bottom 25% of the PCE basket and then uses a weighted…
Our Portfolio Allocation Summary for April 2024.
The Bank of Canada released its Business Outlook Survey for the first quarter of this year on Monday. While there are some early signs of stabilization, overall demand continues to be weak. The indicator for future sales growth…
The soft-landing narrative dominated the behavior of financial markets in March, with most major global risk assets posting above average returns. In particular, the burgeoning ‘risk on’ sentiment led to a rally…
According to BCA Research’s European Investment Strategy service, investors should favor Italian BTPs over Euro Area IG until there is a better entry point to add exposure to BTP-bund spreads. The team’s latest…
We are not yet ready to downgrade equities on a tactical basis but continue to expect we will eventually do so. We present a checklist of indicators that we are watching to determine when to de-risk.