Special Report

Highlights It is premature to position for an equity market handoff from liquidity to growth. Cyclical sectors have overshot the mark in recent months. There is scant evidence from macro variables that cyclical sector earnings…

Equities, bonds and commodities are becoming suddenly, unusually, and dangerously correlated. But it cannot last.

Keeping home price gains in check has once again become a top priority for the Chinese authorities, which casts fresh uncertainty on both China's macro policy and growth outlook. Tactically downgrade H shares and expect near term…

Special Report

We are pleased to share this Special Report rolling out our Global ETF Strategy (GETF) service's model ETF portfolios. We are in the latter stages of developing the digital interface that will serve as the central nervous system for…

The mini-consolidation in equities reflects the ongoing tension between market-supportive liquidity and a sketchy corporate profit backdrop.

Our Fourth Quarter Strategy Outlook presents the major investment themes and views we see playing out for the rest of the year and beyond.

Special Report

Contrary to the almost universal bearish market consensus, we are raising our tactical view on iron ore to bullish from neutral. We remain tactically neutral on the steel market over the next three months. Strategically, we are…

There are two key risks that could derail a bear-flattening of the yield curve. The first is a Trump election victory, the second is a flaring of stress in the non-U.S. banking sector.

Special Report

Since 2014, market expectations of the Fed funds rate has been the primary driver of banks stock performance. Investors' heightened focus about the positive role of interest rate hikes on bank profitability has some merit because…