Manufacturing
Mexico: Monetary Easing Is Not Over…
China PMIs Undershoot as Deflation Pressures Persist…
Germany Factory Orders Miss, Export Headwinds Mount…
How Has Global Growth Fared In The Face Of Tariffs…
We will only move to a fully defensive stance if the “whites of the recession’s eyes” appear. So far, they have not. We will be increasingly looking to our MacroQuant model for guidance on when the next turning point in markets may come.
Tariffs, Input Costs, And The Shifting US Inflation Mix…
Flash PMIs Improve, But Low Growth And Trade Frictions Persist…
Empire Fed Beats, But Signal Too Noisy To Shift Positioning…
Despite macro headwinds, the OBBBA clearly favors Industrials, Financials, and Consumer Discretionary equity sectors. A carefully constructed, factor-aware basket in these sectors is well positioned to outperform in a fiscal-driven, uncertain environment.