Currencies
Commodities Are No Longer A Tailwind For EM FX…
In lieu of next week’s report, I will host the monthly Counterpoint Webcast on Monday, July 25. Please mark the date in your calendar, and I do hope you can join. Executive Summary Central banks face a ‘Sophie’s choice’. Inflation at 2 percent, or full…
EUR/USD: To Parity And Beyond…
Executive Summary Don’t Try Catching Falling Euros
Don"t Try Catching Falling Euros…
Executive Summary The Dollar And Volatility
The Dollar And Volatility…
Executive Summary Global risk assets are oversold, and investor sentiment is downbeat. In this context, a technical equity rebound cannot be ruled out. However, we do not think it will be the beginning of a major cyclical rally. The Fed and the stock…
Executive Summary Buying a home is now more expensive than renting in many parts of the world. In the US and UK, disappearing homebuyers combined with a flood of home-sellers will weigh on home prices over the next 6-12 months. Falling employment and…
Listen to a short summary of this report. Executive Summary A Tremendous Inflow Into US Government Bonds
A Tremendous Inflow Into US Government Bonds…
In this <i>Strategy Outlook</i>, we present the major investment themes and views we see playing out for the rest of the year and beyond.
Executive Summary Accelerating wages will make core consumer inflation sticky in the US. In addition, inflation is a lagging variable and is still well above the Fed’s target. These dynamics imply that the Fed will not make a dovish pivot imminently.…