Consumer
Asian Trade Data Warn Against A Meaningful Manufacturing Rebound…
Should Investors Ignore The LEI's Recession Signal…
The Soft-Landing Debate: What US Banks See…
ECB June Rate Cut: Steeper Yield Curve Ahead…
The SIFI banks expressed confidence in their credit outlook for 2024 and expect that credit losses will crest soon, given the reserves they’ve already set aside. Their implicit embrace of the soft-landing narrative suggests to us that the consensus is getting closer to being set up for disappointment. We remain tactically equal weight equities and fixed income but think conditions may soon favor turning defensive.
Disinflation Boosts US Consumer Confidence – For Now…
A Fresh High
A Fresh High…
An update to our outlooks for the Fed’s interest rate and balance sheet policies following this week’s remarks from Fed Governor Waller.
A Lukewarm Signal From The Beige Book…
What To Make Of The US Housing Market…