Geopolitics
Will Countries Add More Stimulus? Yes…
Highlights The fourth quarter will be volatile as China still poses a risk of overtightening policy and undermining the global recovery. US political risks are also elevated. A debt default is likely to be averted in the end. Fiscal stimulus could be…
The RMB Is Vulnerable To A Pullback…
Still Room For Japanese Stocks To Outperform…
Natgas Price Run-Up Is Transitory…
Fade Volatility Stemming From US Politics…
Chinese Construction Matters For European Equities…
China Power Outages: Another Source Of Downside Risk…
Highlights We cannot predict how China will manage Evergrande precisely but we have a high conviction that it will do whatever it takes to prevent contagion across the property sector. However, China’s stimulus tools are losing their effectiveness over…
Highlights The House Ways and Means Committee’s tax proposals are a slight positive surprise for investors. They envision raising $1.5 trillion in new revenue, down from expectations of $2.6 trillion. The House’s tax plans would see the corporate rate at…