Our 2025 Outlook was just published. We revisit this year’s calls and discuss what we think is ahead for the global economy and markets for the next 12 months and beyond. The recent US election has significantly shifted…
The November Ifo Business Climate index for Germany missed expectations, falling to 85.7 from 86.5 in October. Both subcomponents decreased, with the Current Assessment sliding 1.4 points to 84.3 and Expectations essentially flat…
Prior to Nvidia reporting, 76% of S&P 500 companies beat earnings expectations while 61% beat on sales. Nvidia beat earnings expectations, but the magnitude by which guidance beats the most optimistic analyst expectations is…
Our US Equity strategists investigated the underperformance of the Green and Clean (G&C) investment theme, in the context of an incoming US administration expected to be less friendly towards green initiatives. The G…
The crypto complex has rallied relentlessly since the election, with Bitcoin reaching an all-time high over $90,000. The rationale behind the recent rally is simple. President-elect Trump was friendly to crypto on the campaign…
Trump’s resounding victory brings a popular mandate that ensures deregulation and higher trade tariffs. Higher budget deficit and immigration reform are also in the cards as the Republicans look like they may squeak a thin margin in…
As markets settle into waiting mode for the US election, we provide a concise but not exhaustive cheatsheet for what to expect as the results come out. Our US & Geopolitical strategists’ two most likely outcomes are a…
Trump may be favored, but Harris is now underrated. The Senate is highly likely to go Republican – Harris would be gridlocked if she pulled off a victory. If Trump wins it will be a full sweep. Expect volatility in the short term.