Labor Market
Over the past few weeks, global equities have been hit by rising scepticism over the bullish AI narrative and increasing concerns over global growth. Stocks should stabilize in the near term, but the medium-term direction is to the downside. We expect the S&P 500 to drop to 3750 in 2025 and the 10-year Treasury yield to fall to 3%.
ISM Services PMI At Odds With Manufacturing Counterpart…
Treasury Curve: Own 2 -Year/10-Year Curve Steepeners…
Our Portfolio Allocation Summary for August 2024.
Can Higher Productivity Prolong The Expansion…
Weak Jobs Report Cements Case For September Fed Cut…
Does It Even Matter Whether The Sahm Rule Has Been Triggered…
US Slowdown Story Continues…
The market is pricing in a soft landing, but we see growing signs that the global economy is faltering. Investors should be defensively positioned.
The Fed Is "Getting Closer" To Cutting…