Fixed Income
The Fed: This Ain’t ‘95…
Our Portfolio Allocation Summary for October 2024.
ISM Manufacturing PMI Extends Contraction Streak…
The market got excited by the 50 bps Fed cut and China stimulus. But these are a recognition that economies are slowing significantly. Stocks often rally after the first Fed cut, before falling sharply. Investors should stay defensive.
Consumer Income And Spending Consistent With Broad Cooling…
Services Inflation Still Too High For October ECB Cut…
Downtrend In Savings Rate Gets Revised Away…
European Assets After The Politburo Shock…
We consider the possibility that lower interest rates could lead to an increase in household borrowing, prolonging the economic recovery.
Is This The Big Bang Stimulus Markets Have Been Waiting For…