Recession-Hard/Soft Landing
Does Today’s Low Unemployment Rate Guarantee A Soft Landing…
ISM Services PMI Contracts At Fastest Pace In Four Years…
Mortgage Rates Back Above 7…
Bleak Capex Outlook Bodes Ill For Cyclical Assets…
We explain how to distinguish between ‘good’, ‘bad’ and ‘ugly’ unemployment, why bad unemployment is a much better gauge of the jobs market than headline unemployment, and what this means for the tactical positioning in bonds and stocks. Plus: base metals (XBM) have already sold off sharply, so take profits in the short position and open a tactical overweight in global materials (MXI).
Our Portfolio Allocation Summary for July 2024.
US Job Openings Unexpectedly Rise…
From Which Chinese PMI Should Investors Take Their Cue…
Contracting ISM Manufacturing Hides Even Weaker Demand Conditions…
Highlights Investors who are optimistic about the potential for artificial intelligence (AI) to impact economic growth have several bullish private sector estimates to point to. At the same time, other credible estimates point to a minimal impact of AI on economic growth. Bullish estimates of…