In a recent insight, we highlighted that Caterpillar’s underperformance since mid-March confirms the current interruption in the reflation trade and suggests that the cause of the pause is global growth concerns. The recent…
In a recent insight, we highlighted our Global Investment Strategists’ view that slowing growth, fears that the Fed is turning more hawkish, and technical factors are all contributing factors to recent US yield curve…
Highlights Yield curves have flattened considerably in the major economies since April. Slowing global growth, the perception that the Fed is turning more hawkish, and technical factors have contributed to flatter yield curves.…
Central bankers have given investors a lot to think about regarding the future path of global monetary policies recently. To recap, since July 6: the European Central Bank unveiled a new symmetric interpretation of its 2%…
Over a 12-month horizon, investors should maintain a modest overweight allocation to equities. Although pandemic-related uncertainties linger – particularly regarding the emergence and impact of variants – global…
The spectacular outperformance of global equities versus bonds since the pandemic trough has been accompanied by declining volatility in all asset classes globally. But investors are now close to fully invested in US equities.…
Highlights Inflation is set to decelerate, job creation has a speed limit, and super-spreaders of new-variant Covid-19 infections will create speed bumps in the economy. This means that in the second half of the year: Bonds…
The MacroQuant global equity score is a market-weighted composite of all the regional equity scores within the model. It ranges between 0% and 100%, with 0% being most bearish and 100% being most bullish. Read the full details on…
Global manufacturing PMI in June was at robust 54.4, indicating that more than 50% of global manufacturing industries continue expanding. Such a robust reading of global manufacturing PMI was despite the weakness in Asian…