December 4, 2023
Hopes for a soft landing and prospects of lower interest rates have reinvigorated risk assets. Meanwhile, market weakness on concerns that fundamentally don't alter the investment terrain or growth curve are buying opportunities in our view, and why the race with China for foreign investment matters.
November 27, 2023
In our view, we are in the early stages of slowing growth. Meanwhile, higher-for-longer interest rates potentially affect Small-caps amid higher borrowing costs, and 2023 suggests investors are maintaining a balanced, disciplined and diversified approach to portfolio construction with a core emphasis on U.S. assets.
November 20, 2023
There is a risk the disinflation trend may go too far which implies potential profit growth constraints. Plus we still see several reasons to de-emphasize China within emerging markets, and when it comes to energy security, the U.S. is better set up than most.
November 13, 2023
For Fixed Income, hope for a soft landing but position for economic and inflation uncertainty. Plus 2024 election results will sculpt the geopolitical landscape and could influence U.S. asset prices over the near term, and we note the lesson in the latest rally.
November 6, 2023
The market concluded that inflation will be higher-for-longer, which is supportive of risk-assets if the Federal Reserve is in no rush to bring it lower. Plus debt levels could be unsustainable, and the risk-reward is more favorable for bond investors, in our opinion.
October 30, 2023
A combination of conditions point to downside risks for personal income, retail sales, corporate revenues and profits growth. Plus some historical and pictorial perspectives on market returns, and the landscape of U.S. Treasury buyers has shifted.
October 23, 2023
A lack of euphoria among investors implies that stocks could have more room to run as we move further into Q4. Plus recessions can be favorable entry points for Equity exposure, and the jump in bond term premiums reflects a structural shift higher in expected long-term inflation variance.
October 16, 2023
We ask what an extended conflict between Israel and Hamas might mean for global markets, look at the likelihood that sources of resilience for the S&P 500 persist, and think about how to approach portfolio strategy during the next phase of inflation.
October 10, 2023
We believe over the medium term there are a number of key variables shaping the investment landscape, including the odds of interest rates remaining higher for longer. Plus, questions on the outlook for China's economic growth continue to be watched.
October 2, 2023
We assess implications of the latest moves to maintain funding for the federal government. Plus the bite of higher interest rates is just beginning to be felt across private and public debt, and elevated inflation uncertainty is a persistent headwind to economic growth.
September 25, 2023
The historical link between an inverted yield curve and recessions has been called into question. Plus we present a more nuanced view of the U.S.-Sino decoupling thesis, and consider whether investors should avoid overweighting cash despite higher short-term yields.
September 18, 2023
Africa could emerge as a key source of the minerals needed to propel the global green transition. Plus China's auto sector continues to roar ahead, and as efforts to tackle some of the world's largest problems grow, so do potential investment opportunities in themes related to our planet.