Consumer
The market is pricing in a soft landing, but we see growing signs that the global economy is faltering. Investors should be defensively positioned.
China's Additional Stimulus Measures Continue To Underwhelm…
Republicans are favored but the election is still competitive. Equities, corporate credit, and cyclical sectors will fall until policy uncertainty is reduced.
US Consumers More Pessimistic About Current Economic Conditions…
Fade China's Industrial Profits…
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?
A “More Accommodative Than Stimulative” PBoC…
US GDP Surprises To The Upside…
Consumption’s Historical Resilience Ahead Of Recessions…
Consumer Credit Increases The Most In Three Months…