While efforts by policymakers to stabilize the stock market are buoying Chinese equities, domestic economic data remains soggy. Home prices declined further on both a monthly and annual basis in January, reinforcing the…
Seasonal weather and price variability in the first quarter will dissipate, which will reduce the agita caused by the recent inflation scare. This will increase the Fed’s comfort level in initiating a rate-cutting cycle in June with…
Chinese equities are extending their gains following the end of the Lunar New Year holiday. Onshore stocks have gained 9.0% since February 5, outperforming the global benchmark by 7.5 percentage points over this period. Similarly…
We rank the US spread sectors in terms of risk versus reward.
While 2024 will see various election risks, global geopolitical uncertainty is driven by the US election and its struggle with Russia, China, and Iran. The stock market can manage local domestic political risk. But it will correct…
Chinese policymakers surprised on Tuesday with greater-than-anticipated easing for the troubled property market. Although the 1-year loan prime rate (LPR) – the benchmark for most household and corporate loans – was…
Over the next six months, the deterioration in non-US growth will occur earlier and be more pronounced than in the US. This expectation reinforces our confidence to bet on the strength of the US dollar. As usual, the flip side of the…
Our Valentine’s Day report is about two love stories: the infatuation with US tech and China’s infatuation with housing. We describe how these love stories will end, and why Europe could be the winner.