Policy
BoC Cuts Rates For Third Consecutive Month…
Trade Wars Don’t Work In A Multipolar World…
Fade Any 2Y/10Y Un-Inversion…
US GDI Lags GDP In This Cycle…
Euro Area Balance Sheet Health: Time to Call 911…
Even after the Fed cuts rates, policy will remain restrictive for some time. Moreover, in history, stocks have tended to fall around the first rate cut. We remain cautious on the outlook for the economy and risk assets.
Democrats will not win a full sweep and implement drastic new tax hikes. However, our quant model still favors them to win the White House and just upgraded their odds. While we expect equity volatility around the election, investors do not need to worry about corporate tax hikes.
Savings Rate At 16-Year Low Casts Doubt On US Spending’s Sustainability…
Eurozone CPI At 3-Year Low Paves Way For September Cut…
Tokyo CPI Consistent With Further Policy Normalization…