The MacroQuant model is no longer bullish on stocks but is not yet prepared to turn underweight. Subjectively, the Global Investment Strategy team is more bearish on equities than the model.
The MacroQuant model is no longer bullish on stocks but is not yet prepared to turn underweight. Subjectively, the Global Investment Strategy team is more bearish on equities than the model.
Core PCE inflation was tame this morning, but with large tariffs looming we anticipate loftier inflation readings in the months ahead.
Weekly initial claims ticked up to 242k, near 2024 highs. The data is under the spotlight as the Trump administration implements a reduction of the federal workforce through the DOGE. Initial claims are not alarming yet; they…
Our Equity Analyzer team used their platform to find value plays in a richly-valued US stock market. US equities remain in a bull market, but valuations are stretched, with investors heavily concentrated in large, trending…
Nvidia announced good results, but Q1 sales guidance fell short of expectations. The numbers point to growth normalization as investors have been accustomed to blowout numbers. Nvidia’s meteoric rise means investors think about…
US January core new orders beat expectations, rising 0.8% m/m, an acceleration from 0.2% in December. This measure, which excludes defense and aircraft from capital goods, is used as a proxy for business investment. Core shipments…
Our US Equity strategists held a roundtable, which led to many client questions addressed in the team’s latest report. Long-term interest rates will decline if disinflation persists, deficits shrink, or economic growth…
European equities have outperformed the US so far in 2025, especially after Euro Area economic surprises started outperforming as the US is starting to disappoint. The current leadership change between US and European assets reflects…
The House of Representatives passed a Budget Resolution bill that adds $2.8tn to the deficit by 2034. Our Geopolitical strategists highlighted during our BCA Live & Unfiltered meeting that the Senate is likely to modify it by…