Consumer products stocks are likely to move to an even larger valuation premium before the cyclical outperformance phase ends.
The August payrolls report did not change our view that a Fed rate hike is likely in December, but not before that.
Investors are being forced into riskier asset classes by the TINA effect, but the gaping macro disequilibria makes it difficult for investors to see how we move back to equilibrium in a benign way. Monetary policy on its own is…
The major banks are more willing to lend to the consumer and less willing to lend to the corporate sector.
Risk assets will take their cues more from the dollar than the Fed if the euro rises above its 16-month range against the dollar. Retain exposure to energy equities and gold.
Tougher Fed talk warns that the Goldilocks combination of higher stock and bond prices in place since February is not sustainable.
Approaching the referendum on EU membership, what are the prospects for the U.K. economy and financial markets?
The equity bear case is obvious. Prices are approaching overhead resistance and face fundamental headwinds.