経済成長
The market is pricing in a soft landing, but we see growing signs that the global economy is faltering. Investors should be defensively positioned.
Investors hope that the ECB rate cuts priced into the curve will be sufficient to achieve a soft landing in Europe. History argues against this view, but will this time be different?
This report takes a look at bond and FX market technical indicators and calibrates the decision to increase portfolio duration and get long the US dollar.
Oil markets will not be impacted by Venezuela in the near term, but by shocks from the Middle East. Maduro’s ability to stay in power in the short-term removes an avenue of oil supply relief. The same avenue is cut off if Trump is reelected. Geopolitical shocks in Venezuela could present tactical buying opportunities for Chile, Peru, and Colombia.