The Sentix Investor Confidence index unexpectedly improved in October from -15.4 to -13.8. A notable improvement in Expectations (from -8.0 to -3.8) drove the overall index higher, while the Current Situation subcomponent…
The NFIB Small Business Optimism index was mostly flat in September, ticking a mere 0.3 points higher to 91.5 in September, below expectations of a more meaningful improvement to 92.0. The NFIB Small Business Optimism has…
The month of October ahead of a US general election tends to be a volatile month with negative outcome for equities. As such, it is prudent to remain on the sidelines until after the election.
The US election underscores three long-term trends of Generational Change, Peak Polarization, and Limited Big Government. Investors should expect more volatility around the election and should assess the results before adding more…
Indian equities reached new highs in late September. Our Emerging Market strategists recommend dedicated EM investors use these gains as an opportunity to reduce Indian equity allocations from neutral to underweight. They expect both…
The dollar had erased all of its 2024 gains going into the fall, as markets prepared for Fed rate cuts. After a nearly 6% drawdown over the spring and summer, last week’s DXY rally brought the dollar back into the black YTD…
This report looks at the likely path for the dollar and bond yields over the next 6-to-12 months.
The bond market priced out a lot of recession risk after this morning’s employment report, and the 10-year Treasury yield has moved back into the Soft Landing Zone. We assess the data and consider whether we need to change our…
Comments from Bank of England Governor Andrew Bailey on Thursday, hinting at “a more aggressive” pace of rate cuts, marked a shift in rhetoric from previous meetings which signaled a “gradual” pace. The…
The S&P Global Canada Manufacturing PMI improved from 49.5 to 50.4 in September, breaking a 17-month contraction streak. It corroborated solid broad-based retail sales growth in July and August. Confidence in the outlook also…