Economic Growth
Economic activity plainly slowed in the first half, led by decelerating consumption and payrolls growth, but financial markets didn’t care. If the next two weeks of data don’t indicate that the May-June slowdown stretched into July and August, we will likely drop our defensive recommendations.
Weak Euro Area Growth Signals Despite PMI Uptick…
Powell JH Speech Downplays Inflation Risks, Stresses Labor Weakness…
August Flash PMIs Show Tentative Global Momentum, Growth Still Weak…
Weak Housing Underscores Vulnerable US Growth Outlook…
UK: Tight Financial Conditions, Weak Data Support Gilt Overweight…
Empire Beat Masks Weak Growth and Pricing Power…
Volatility Risk Premium Balanced, But VIX Too Low…
Softening US Consumption and Sentiment Support Long Duration…
Weak Chinese Data Not Yet Forcing A Policy Shift…