Manufacturing
A Blockbuster September Employment Report…
ISM Services PMI Surprises To The Upside In September…
Bleak Canada Outlook Despite Improving September Data…
August Hires And Quits Presage Further Compensation Deceleration…
ISM Manufacturing PMI Extends Contraction Streak…
US Durable Goods Stagnate In August…
The Eurozone’s Bright Spots…
After resisting the consensus narrative in 2022 that a US recession was imminent, and then predicting an immaculate disinflation for 2023, the Global Investment Strategy team has joined the dark side and is now expecting a recession to start in the US within the next six months. Accordingly, we recommend that investors underweight stocks and overweight government bonds.
Upgrade EM To Neutral In Global Equity Portfolios…
Is This The Big Bang Stimulus Markets Have Been Waiting For…