Commodities are making headlines with the prices of crude oil, copper, and gold all making sizeable gains since mid-February. Multiple forces have been cited as drivers of the rally across these commodities. Increased…
Europe credit flows are stabilizing, hence a major drag on the region’s growth will dissipate. What does this development imply for European equities?
Gold prices reached $2300 per ounce for the first time on Wednesday. They have now rallied by more than 12% so far this year. To a degree the furious rally in gold has been puzzling. Who has been buying? It certainly has not…
Inflationary pressures this year will remain subdued as labor-productivity growth – driven by strong capex and R+D spending – continues. This will make the Fed more confident in beginning its policy-rate-cutting cycle in June, and…
Gold has had a stunning rally over the past few weeks, gaining 9.2% since February 14 and reaching consecutive all-time highs last week before paring back some of its gains. Indeed, the drivers of gold have moved in a bullish…
Our US economic sentiment indicator – which is based on the difference between our equity valuation index and our bond valuation index – remains on an uptrend since its pandemic trough. Investors are pushing US stocks…
According to BCA Research’s Commodity & Energy Strategy service, gold purchases by central banks will continue apace, as they diversify away from USD foreign reserves. Amid elevated geopolitical risk, arising from…
Seasonal weather and price variability in the first quarter will dissipate, which will reduce the agita caused by the recent inflation scare. This will increase the Fed’s comfort level in initiating a rate-cutting cycle in June with…
The Global Manufacturing PMI clocked in at 50 in January – exactly on the boom-bust line. The index has been on a general uptrend since mid-2023 with the January figure marking the first non-contractionary reading since…
Following the release of the white paper yesterday, today we are sending you the inaugural issue of the MacroQuant Monthly, a report summarizing the output of our next-generation MacroQuant 2.0 model.