This is the time of the year when strategists are busy sending out their annual outlooks. Here on the Global Investment Strategy team, we decided to go one step further. Rather than pontificating about what could happen in 2025, we…
Our Portfolio Allocation Summary for November 2024.
Can Powell achieve a soft landing? There are some indications he is doing it. We examine why our negative stance was wrong and analyze the four growth engines that kept recession at bay. Half of these forces remain while the other…
We update our 12-month return projections for different US fixed income sectors in soft-landing and recession scenarios.
Our Portfolio Allocation Summary for October 2024.
We update our corporate default rate model and consider the implications for corporate bond spreads.
The pro-cyclical Eurozone economy is highly exposed to a global downturn, which we expect will materialize by early 2025. The ECB is behind the curve and we thus expect it to ease more aggressively than markets expect next year…
Our Portfolio Allocation Summary for September 2024.
Our Portfolio Allocation Summary for August 2024.