Economic Growth
EM Equities: An Attractive Opportunity…
Oil + Gas Capex Levels, Growth Dwarf Copper…
China: No Need For A Panicked Policy Response…
In this Strategy Outlook, we present the major investment themes and views we see playing out for the rest of 2023 and beyond.
Ifo German Business Sentiment: Smaller-Than-Anticipated Deterioration…
Negative CFNAI Signals Below-Average US Growth…
Bulls and bears have capitulated, and the majority of the clients surveyed expect a rangebound market in the near term. Our fair value PE NTM indicates that the S&P 500 is only modestly overvalued. The continued outperformance of the Magnificent Seven faces multiple hurdles. Meanwhile, fiscal spending is unlikely to create an impetus for another leg up in equity performance.
Flash DM PMIs Indicate Deteriorating Service Sector Activity…
The Bulls Have Retreated…
Timing The BoJ's Next Move…