Insights

This week, our three screeners cover equity plays for “transitory” inflation impacts from US tariffs, a correction in sentiment within the European Aerospace and Defense industry, and Value Investor, Warren Buffett’s Philosophy....

Brazilian policymakers are stuck between a rock and a hard place. There is no combination of fiscal and monetary policies that can assure decent growth, on-target inflation, a stable exchange rate, and public debt sustainability. We recommend investors maintain an underweight allocation to Brazilian...

Given the meetings between the Bank of Japan, the Bank of England, and the Swiss National Bank, our highest convictions views are: Overweight UK Gilts. It is also time to sell sterling. We are short sterling, as of 1.30. Underweight JGBs. Correspondingly, be long the yen. A short CHF/JPY position re...

In this Special Report, GeoMacro Strategist Marko Papic argues that the Trump administration is flirting with high risk / low reward. Triggering a recession may be the end goal of the White House, but borrowing costs are not declining as much as they ought to be while President Trump’s political cap...

The South African government seems to believe that some fiscal retrenchment can stabilize the public debt-to-GDP ratio. But that’s a misconception. The country will need draconian spending cuts to achieve this....

Data released this Monday suggests that while China’s housing market is no longer worsening, the secular adjustment remains ongoing. Although aggregate housing demand may be stabilizing at a low level, supply will continue to significantly outpace demand, indicating that home price deflation will pe...

The market reaction to this afternoon’s Fed meeting looks overdone. Investors could be in for a hawkish surprise when it becomes apparent that the Fed won’t ease policy into higher tariff-driven inflation prints....

Trump’s foreign policy can be explained by rational US interests, but it requires settling the trade war with allies sooner rather than later. Book gains on EUR-USD for now....

Investors should not chase the rally in European defense names any further. Too much good news has been priced in too quickly....

Trump’s foreign policy can be explained by rational US interests, but it requires settling the trade war with allies sooner rather than later. Book gains on EUR-USD for now....