The Bank of Canada held rates at 2.75% but signaled a dovish shift, pushing us to overweight Canadian government bonds and go long CORRA futures. The policy rate remains within the BoC’s neutral range, allowing the Bank to wait for…
Our Portfolio Allocation Summary for June 2025.
Ongoing military tensions between Ukraine and Rusia and renewed US-EU trade friction reinforce tactical opportunities to add European exposure on dips. Ukraine’s drone strike on Russian air assets and the limited outcome of the…
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
MacroQuant warns that US equities are pricing in very little economic risk. The model is shunning equities and recommends a large overweight to cash.
President Trump faces new restrictions on his trade powers coming from the US judicial branch, but they will not prevent him from continuing to restrict trade and investment with China. Rather, they will establish some curbs against…
This Insight looks at the implications of the RBNZ’s rate cut on New Zealand assets.
Rising bond yields may present an even greater danger to the global economy than the trade war. With equity valuations no longer discounting much economic risk, investors should position themselves defensively.
The latest US durable goods orders and consumer confidence figures suggest that hard and soft data are converging, but stocks remain at risk. After months of rising prints, new orders for manufactured goods sank by 6.3% in April…
The structural outlook for European assets remains bright, but near-term headwinds argue for longer duration and caution on equities. Here are three takes that call for a temporary pullback in European assets, and two that explore…