After affirming he does not look at the stock market, President Trump said he cannot exclude the possibility of a recession as he rushes to implement his agenda before the 2026 midterms. Could a President willingly start a recession…
Our Chart Of The Week comes from Robert Timper, strategist in our Global Fixed Income strategy team. Robert digs into Eurozone employment dynamics. January data showed that unemployment remains at record lows, but regional…
The February US jobs report was slightly weaker than expected, reflecting a slowing but still healthy labor market. At 151k, payrolls missed estimates. January’s number was revised down from 143k to 125k, bringing the 3-month moving…
Our Emerging Markets strategists assessed Colombian assets after a significant rally. Colombia faces deep-rooted macroeconomic challenges that will not be easily reversed by a right-wing government in 2026. Public debt is on an…
The fiscal stimulus announced at this year’s National People’s Congress is only slightly larger than last year’s. Notably, the details of the measures suggest that it will be challenging for fiscal stimulus to effectively…
This morning’s employment report showed solid job growth, but recent consumer spending indicators are more concerning. The risk of recession starting within the next few months has increased. We suggest some important indicators for…
The US economy is set to enter a recession within the next few months. Stay underweight equities and overweight cash. Look to increase fixed-income duration exposure over the coming months. The euro is likely to strengthen and…
The ECB cut 25 bps as expected, bringing the deposit facility rate to 2.5%. President Lagarde reiterated the disinflationary process is “well on track” and described the policy stance as “meaningfully less restrictive”, signalling…
Our Private Markets & Alternatives strategists assessed retail real estate opportunities. Retail Real Estate is a contrarian opportunity, with investor sentiment at rock-bottom levels despite shifting consumption patterns.…
Our Portfolio Allocation Summary for March 2025.