Fixed Income
Markets Price Increased Odds Of 50 Bps…
A Mild Recession Won’t Preclude A Deep Equity Correction…
Fade The Rosier Picture From Unemployment Claims…
The ECB Cuts Rates And Lowers Growth Forecast…
Some thoughts on this morning’s US claims report and a preview of next week’s FOMC meeting.
Global Equities Will Lag Bonds…
Our reaction to this morning’s CPI report and what it means for Fed policy.
UK Wage Growth Decelerates…
The undercurrents of global financial markets signal deteriorating global growth conditions. There is little cash on the sidelines in the US, the Euro Area, and Japan. If the budding bear market resembles the 2000-2003 one, EM stock prices are unlikely to outperform global equities in the initial leg but could outperform in the latter stage of the global selloff.
Swedish Spreads Augur Poorly For Eurozone Stocks And Currency…