Our Chart Of The Week comes from Jonathan LaBerge, Chief Strategist for our Special Reports Unit. Jonathan asks whether investors should be encouraged by the fact stocks are shrugging off US tariffs. The answer is no, because…
Our Commodity strategists provided an update on precious metals and the impact of US tariffs on commodities. Elevated policy uncertainty will drive a rally in precious metals over the next 12-to-18 months, but not all metals…
China’s January consumer prices rebounded to 0.5% y/y, and producer price deflation was unchanged at -2.3%. China’s first quarter data tends to be distorted by the Chinese New Year, as its variable dates shift consumption peaks…
Our European strategists evaluate the looming threat of US tariffs on Europe, as it is President Trump’s next trade target after Canada, Mexico and China. While a deal centered on European energy imports and defense spending is…
Last week’s tariff debacle kicks off a period of heightened global policy uncertainty under the new US administration. That is bad news for financial assets exposed to the business cycle. Meanwhile, it creates an opportunity for safe…
Europe is about to become President Trump’s next target. The good news: a US/EU trade war will be short as common ground to achieve a deal exists. The bad news: European assets remain at the mercy of heightened uncertainty. How…
China’s Caixin PMIs decelerated in January, with the composite ticking down to 51.1 from 51.4. The decrease was driven by both manufacturing, which fell to 50.1 from 50.5, and services, which fell from 52.2 to 51.0. The data is…
Our Geopolitical strategists published a Special Report discussing President Trump’s rhetoric on territorial expansion in North America, Greenland, and Panama. The biggest surprise of Trump’s first weeks in office has not been…
Our China Investment strategists assessed the impact of increased US tariffs on China. The latest US tariff hike on Chinese imports is expected to cut China’s GDP growth by 0.6 percentage points in 2025, primarily through a 2.5-…
President Trump shot the opening salvo of his second trade war, announcing 25% tariffs on Canada and Mexico, with a more modest 10% on China and Canadian energy. Both countries retaliated with tariffs and non-tariff measures.…