Economy
US Treasury yields have fallen below our fair value estimate as investors rotated out of AI equities and into fixed income. We lay out why near-term inflation risks argue for a rebound, and the tactical trades we initiate to position for it.
Today's report examines several of the most interesting ideas we've heard over two weeks of meetings and calls with investors.
MacroQuant recommends a slight underweight to equities and an overweight to bonds and cash. The model is bullish on the US dollar, negative on gold, very negative on copper, and neutral on oil.
Marking the debut of Chief Technology and Innovation Strategist Matt Dyson, this month’s Global Market Outlook examines Matt’s views on the presence and durability of moats for companies at various segments of the AI chain.
The Fed will hike rates at a pace of 25 bps per quarter until either falling inflation or tighter financial conditions cause it to stop.
