United States
Despite our Global Investment strategists’ bearish stance, their latest report reviews scenarios that could be bullish for equities. Our colleagues remain bearish on equities, expecting a US recession this year. However, several upside scenarios could…
This week, our three screeners cover equity plays in US OAS Spreads, US Exceptionalism, and “DIVE”.
Despite our bearish predisposition towards stocks, we are open-minded to anything that could challenge our thesis. As such, in this report, we review five upside scenarios for equities.
A reoccurring theme in client discussions has been how cheap US small-cap equities could siphon allocation away from their richly-valued large-cap peers. But valuations are no one’s friend in a drawdown. While the S&P 500 is in correction territory at 10%…
The February US Producer Price Index came in below estimates, with the headline measure showing no monthly change and standing at 3.2% y/y. Core PPI (excluding food, energy, and trade services) was also cooler than expected, coming in at 0.2% m/m (3.3%…
The Trump slump is nearing a temporary reprieve, with a playable countertrend rally in stocks and a tactical rebound in the dollar. Go tactically long USD/SEK. For long-term investors though, the AI bubble still has a lot of air to come out.
The February US CPI came in cooler than expected. Headline inflation decelerated to 0.2% m/m (2.8% y/y), as did core which now stands at 3.1% y/y. Core services inflation declined while core goods inflation was roughly unchanged. Inflation is headed…
A falling stock market and sticky bond yields represent the worst of both worlds for investors. We interrogate why bond yields haven’t dropped more given the large selloff seen in equities.
US JOLTS: A Stale But Key Snapshot
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