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January PCE inflation was in line with expectations, with headline and core inflation rising 0.3% m/m, leaving the respective annual growth rates at 2.5% and 2.6%, near the Fed’s projection for 2025. Consumer spending missed expectations and was weak in both…
Our Chart Of The Week comes from Juan Correa, from our Global Asset Allocation (GAA) strategy service. Juan highlights weakening US growth observed in the data lately. We have seen a few growth slowdown episodes since 2022. Why is this time…
マクロクォント・モデルはもはやエクイティに対して強気ではないが、まだアンダーウェイトに転じる準備はできていない。主観的には、グローバル・インベストメント・ストラテジー・チームはモデルよりもエクイティに対して弱気だ。
マクロクォント・モデルはもはやエクイティに対して強気ではないが、まだアンダーウェイトに転じる準備はできていない。主観的には、グローバル・インベストメント・ストラテジー・チームはモデルよりもエクイティに対して弱気である。
今朝のコアPCEインフレは小幅にとどまったが、大規模な関税が間近に迫っているため、今後数か月でインフレ指標は上振れすると予想している。
Weekly initial claims ticked up to 242k, near 2024 highs. The data is under the spotlight as the Trump administration implements a reduction of the federal workforce through the DOGE. Initial claims are not alarming yet; they remain near historical lows.…
Our Equity Analyzer team used their platform to find value plays in a richly-valued US stock market. US equities remain in a bull market, but valuations are stretched, with investors heavily concentrated in large, trending stocks while they underweight…
Nvidia announced good results, but Q1 sales guidance fell short of expectations. The numbers point to growth normalization as investors have been accustomed to blowout numbers. Nvidia’s meteoric rise means investors think about the company in exponential…
US January core new orders beat expectations, rising 0.8% m/m, an acceleration from 0.2% in December. This measure, which excludes defense and aircraft from capital goods, is used as a proxy for business investment. Core shipments however decreased…
European equities have outperformed the US so far in 2025, especially after Euro Area economic surprises started outperforming as the US is starting to disappoint. The current leadership change between US and European assets reflects extremely one-sided…