This week we conduct a thorough audit of our open positions by revisiting the original basis and subsequent performance of all 13 cyclical recommendations. Following the review, we recommend closing 6 of the 13 positions....
President Trump’s victory has injected a dose of uncertainty into the outlook for commodity markets. Most notably, the new administration’s energy policies are likely to be part of the early agenda. Changes in US domestic and foreign policies will also impact the outlooks for gold and industrial met...
Corporate bond spreads have tightened significantly during the past month, even as the range of economic outcomes consistent with stable credit spreads narrows....
North America Buyouts have been investors' favorite but the investing playbook needs rewriting. Now is the time to avoid the Core-Upper Middle Market and be aware of landmines in the Lower Middle Market. Investors should barbell their Buyout allocations in North America, preferring Large+ and Lower ...
October CPI numbers for Canada, the UK and Japan were released last week. This Strategy Insight examines the respective underlying drivers of inflation in those three economies and discusses the implications for monetary policy....
European assets and the euro have become oversold and are likely to rebound. Will this move be nothing more than a dead cat bounce leading to more weakness?...
Earnings reports and commentary from major retailers confirm that the consumer continues to lose momentum, while signs that the labor market continues to cool suggest that household income growth is poised to slow. We reiterate our downbeat fundamental take and our defensive asset allocation recomme...
