アメリカ合衆国
According to BCA Research’s Commodity & Energy Strategy and Geopolitical Strategy services, Russia is likely to cut oil production to pressure the West as a part of its war effort. This cut would push oil prices to above $90/bbl, in line with the team’s…
The Supreme Court is a generator of certainty rather than uncertainty for US markets. In the event of a constitutional crisis, a court intervention will likely reduce volatility.
The ADP Jobs Report delivered a better-than-anticipated signal about the US labor market on Wednesday. The 324 thousand increase in private employment in July beat expectations of a 190 thousand rise and marks the second highest reading in a year following…
The US Federal Reserve Senior Loan Officer Opinion Survey (SLOOS) reveals that US banks continue to tighten lending standards for commercial and industrial (C&I), commercial real estate (CRE), residential real estate (RRE), home equity lines of credit…
Caterpillar’s Q2 earnings results released on Tuesday beat consensus estimates by a wide margin. Second quarter profit of $2.92 billion ($5.67 per share) came in well above expectations of $2.38 billion ($4.46 per share). The stock jumped to an all time high…
US financial markets were dealt a summer shock yesterday with Fitch Ratings lowering its sovereign credit rating on the US to AA+ from AAA. This brings the rating down to the same level as that of S&P, which announced its own US downgrade nearly twelve…
Collapsed complexity, plus the unwinding of favourable base effects and favourable seasonal adjustments to the inflation and jobs numbers, all pose a danger to the Goldilocks market.
It is widely expected by consensus that earnings growth will rebound into the year-end and into 2024. Multiple factors will drive the reacceleration in earnings growth. Sales growth will pick up: In the remainder of the year, sales growth will pick up from…
History suggests that a “soft landing” is highly unlikely after such an aggressive Fed tightening cycle. The rally could continue for a little longer but, on the 12-month horizon, market risks are very skewed to the downside.
In the monthly Daily Insights Survey we conducted over the past week, we asked about our readers’ outlook for the US economy, regional equity allocation, and EUR/USD. On the outlook for the US economy, the majority of respondents (59%) expect the next…