Developed Countries
According to BCA Research’s US bond Strategy service at its current pace, the Fed’s QT program will continue for at least the next 12 months, and possibly longer. Fed Governor Christopher Waller outlined the Fed’s current thinking about its balance sheet…
Data released on Monday shows Swiss inflation reaccelerated and came in above consensus estimates in January. Headline CPI inflation rose from 2.8% y/y to 3.3% y/y, exceeding expectations of 3.1% y/y. Notably core CPI inflation broke above the Swiss…
Australian material stocks have been outperforming the overall Aussie equity market since the beginning of November, climbing 29% over this period. Unsurprisingly, these gains coincide with the latest rally in industrial metal prices. These trends reflect…
The interest spread between 2-year and 10-year Tresaurys widened on Monday ahead of the January CPI release, nearing last Thursday’s multi-decade extreme. This latest bout of curve flattening follows the February 3 US jobs report showing nonfarm payrolls…
US-China relations hit another rocky patch this month following a series of incidents involving spy balloons and other mysterious aircraft. The US shot down flying objects that entered US and Canadian air space on February 4, 10, 11, and 12. Much remains…
According to BCA Research’s US Equity Strategy service, there will be a better entry point into overweighting the US Technology sector. Macroeconomic and business conditions are gradually becoming more favorable for Tech as the bottoming of demand is in…
We discuss the outlook for the Fed’s balance sheet and why QT is likely to continue for at least another year.
Our Central Bank Monitors support the recent shift in tone from central bankers in Europe. Find out what it means for European fixed-income portfolio allocation.
Macroeconomic and business conditions are gradually becoming more favorable for Tech as the bottoming of demand is in sight. Yet, we don’t believe that now is an attractive entry point - the good news is fully priced in, and technicals signal a pullback. However, the sector is worth monitoring as we are getting closer to a sustainable rebound. Our positioning remains unchanged.
Chinese money and credit data were stronger than expected in January. The RMB 5.98 trillion surge in total social financing is significantly above December’s RMB 1.31 trillion increase and beat expectations of a RMB 5.40 trillion rise. New yuan loans came in…