Inspired by a client’s questions, we examine the rationale behind the implementation of the trailing stop governing our near-term asset allocation recommendations.
On Wednesday, President Joe Biden announced that a new ban on some US investment into China’s quantum computing, advanced chips and artificial intelligence sectors will come into force next year. This latest escalation is…
According to BCA Research’s Global Fixed Income and Foreign Exchange Strategy services, the British pound is overbought in the near-term and is at risk of a pullback on easing rate expectations, but this will represent a…
The US NFIB’s Small Business Optimism Index increased by 0.9 points to an eight-month high of 91.9, beating expectations of a more muted 0.3-point increase. Although the level remains depressed below the 49-year average of…
Nonfarm payroll employment increased by less than anticipated in July, rising by 187 thousand versus expectations of 200 thousand. In addition, the June increase was revised down from 209 thousand to 185 thousand. Similarly,…
Some thoughts on this week’s bear-steepening of the Treasury curve and this morning’s employment report.
China’s extremely high savings rate is the real culprit behind its current economic woes. The authorities have been slow to stimulate the economy, and the risks of “Japanification” have increased. For now, the fact that China is…
As expected, the Bank of England delivered another 25 basis point rate increase at its Thursday meeting, lifting the policy rate to 5.25%. Going forward, Bailey – not unlike his counterparts at the Fed and ECB –…
The ADP Jobs Report delivered a better-than-anticipated signal about the US labor market on Wednesday. The 324 thousand increase in private employment in July beat expectations of a 190 thousand rise and marks the second highest…