Inflation/Deflation
Will The ECB Hike Again…
We comment on Jay Powell’s Jackson Hole speech and recommend shifting to a barbelled allocation along the Treasury curve.
JOLTS: A Cooling US Labor Market…
Tokyo Headline CPI Inflation Dips Below 3…
Falling Corporate Profits Will Weigh On Chinese Stocks…
Shrinking M3 Money Supply Indicates ECB Policy Is Tight…
Today’s Strategy Report chartbook presents the data underpinning our view that both inflation and growth are slowing, likely pointing to a recession beginning sometime in the first half of next year. We are tactically equal weight across asset classes after being stopped out of our equity overweight on August 17th and expect our next move will be to underweight equities and overweight fixed income, in line with our twelve-month view.
Cheap EM Equity Valuations Are Justified By Poor Growth Outlook…
Navigating By The Stars…
American Consumers’ Inflation Expectations Unexpectedly Tick Up…