Gov Sovereigns/Treasurys

In this Insight, we discuss the currency and bond market implications of last week’s ECB and Bank of Japan policy meetings. The conclusion: the ECB is on a path to an overly hawkish policy mistake, while the Bank of Japan’s dovish stance is growing more unsustainable.

The Eurozone just experienced two consecutive quarters of GDP contraction. For the remainder of the year, can growth pick up or will the ECB decimate activity?

This Strategy Insight discusses the bond market and currency implications of the Fed’s “hawkish pause”.

This Strategy Insight discusses the bond market and currency implications of the Fed’s “hawkish pause”.

A preview of what to expect from next week’s FOMC meeting.

In this <i>Insight</i>, we answer a few crucial questions: Do the BoC and RBA decisions have any impact on what we can expect from other major central banks next week? Are there any profitable trades that can be put on, given the recent hawkish shift by these two central banks? How should global bond investors be positioned in a fixed income portfolio?

In this <i>Insight</i>, we answer a few crucial questions: Do the BoC and RBA decisions have any impact on what we can expect from other major central banks next week? Are there any profitable trades that can be put on, given the recent hawkish shift by these two central banks? How should global bond investors be positioned in a fixed income portfolio?

A benign disinflation will support equities over the next few quarters. Stocks will fall next year as a recession begins when investors least expect it.

This week we present our Portfolio Allocation Summary for June 2023.