Market Capitalization: Large / Small
Investors should go long US treasuries and stay overweight defensive versus cyclical sectors, large caps versus small caps, and aerospace/defense stocks. Regionally we favor the US, India, Southeast Asia, and Latin America, while disfavoring China, Taiwan, Hong Kong, eastern Europe, and the Middle East.
This week’s <i>Global Investment Strategy</i> report titled Fourth Quarter 2022 Strategy Outlook: A Three-Act Play discusses the outlook for the global economy and financial markets for the rest of 2022 and beyond.
S&P 500 Chart 1Macroeconomic Backdrop
Macroeconomic Backdrop…
Executive Summary Biden Taps China-Bashing Consensus
Biden's Midterm Tactics Bear Fruit… But There's A Snake…
Executive Summary Small Do Poorly During The Slowdown Phase
Will Small Get Even Smaller…
Executive Summary Lower Rates Are A Tailwind For Growth Stocks
Lower Rates Are A Tailwind For Growth Stocks…
Executive Summary Ingredients For A Policy Mistake
Ingredients For A Policy Mistake…
Listen to a short summary of this report. Executive Summary Small Caps Are Looking Attractive Relative To Their Large Cap Peers
Small Caps Are Looking Attractive Relative To Their Large Cap Peers…
Executive Summary Equities Are Still Attractive Versus Bonds
Equities Are Still Attractive Versus Bonds…
Executive Summary Ebbing Stagflation Fear Will Prompt Rerating
Ebbing Stagflation Fear Will Prompt Rerating…