Inflation/Deflation
US: Tariff Pressures Build, But Broad Inflation Remains Contained…
We discuss the implications of this morning’s CPI report and the relative attractiveness of 2/5 Treasury curve steepeners.
Restrictive Policy, Falling Inflation Support India Bond Longs…
We will abandon our recession call if US economic data show clear signs of stabilization over the summer months. For now, that has not happened. Maintain a modest underweight to stocks but look to get more defensive if MacroQuant’s equity z-score falls below -1.
Our Portfolio Allocation Summary for July 2025.
This report analyzes China’s persistent deflation, which is rooted in supply-side forces. Consumption support will be slow and incremental, keeping deflationary pressures elevated for the next 6–12 months.
Euro Strength And Subdued Inflation Justify Further ECB Cuts…
ISM Confirms Sluggish Growth And Fading Inflation Impulse…
