Policy
Lower Rates Boost US Mortgage Applications…
Stay Long AUD/CAD
Stay…
The Joshi rule real-time US recession indicator remains at an elevated 0.154 versus its recession event horizon of 0.200, indicating weakening US labour demand. With the last mile of US disinflation requiring labour demand to ‘catch down’ with labour supply, investors should watch the Joshi rule very closely to pre-empt a potential tipping-point. Plus: tactically long Portugal versus Europe, and wheat versus cotton; and tactically short USD/CLP, Qualcomm (QCOM), and Salesforce (CRM).
Another Hotter-Than-Anticipated US Inflation Report…
Inflation Is Once Again Top Problem For Small Business Owners…
Will The Pound Continue Outperforming…
China's Cyclical Outlook: What Would It Take To Become More Positive…
Our Portfolio Allocation Summary for March 2024.
A Downward Bias In US Nonfarm Payroll Revisions…
Japan: Q4 GDP Expansion Raises Odds Of BoJ Hike…