Executive Summary Global inflation will peak sometime in the next few months, a process that has likely already begun in the US. This will give policymakers some breathing room to turn less hawkish, a more credible stance given…

Special Report

Executive Summary UK Stocks Are Close To A Bottom  The UK economic outlook has greatly deteriorated. Weak global growth and punishing energy inflation will cause activity to contract over the next 12 months. Cost-push…

Listen to a short summary of this report.     Executive Summary The Dollar Likes Volatility  Uncertainty about Fed policy has supercharged volatility in bond markets, and correspondingly, USD demand (Feature…

Executive Summary The Fed, Bank of England (BoE) and Reserve Bank of Australia all hiked rates last week. The BoE, however, signaled a note of caution on future UK growth, given soaring energy prices and plunging consumer and business…

Listen to a short summary of this report.       Executive Summary Global Equities Are More Attractively Valued After The Recent Sell-Off  We tactically downgraded global equities in late February but see…

Executive Summary Ingredients For A Policy Mistake  The hawks on the European Central Bank Governing Council have become vocal about a July rate hike. Such a move would be a policy mistake because European growth is weak,…

Special Report

Executive Summary Europe's Largest Import Bill: Oil  The EU crossed the Rubicon this week, proposing to eliminate Russian oil imports within six months. The speed of putting the sanctions into effect, and Russia’s…

In lieu of next week’s report, I will be presenting a webcast titled ‘The 5 Big Mispricings In The Markets Right Now, And How To Profit From Them’. I do hope you can join. Executive Summary Just as the railway…