Recession-Hard/Soft Landing
Commodities As A Late-Cycle Investment…
Some thoughts on this morning’s employment report and recent trends in US economic data.
ISM Manufacturing PMI Contracts Anew…
US Consumer Confidence Plunges On Perceived Labor Market Deterioration…
Domestic And Global Headwinds Weigh On Chinese Profits…
German Inflation Continues To Show Some Strength…
The latest edition of our Big Bank Beige Book suggests the expansion remains intact, though weakness in C’s private-label credit card portfolio could be a harbinger of distress among lower-income consumers. We remain tactically neutral with a bias to turn defensive once clearer signs of a recession emerge.
BoE Needs To Weaken Economy To Kill Inflation…
US GDP Disappoints But Details Show Resilience…
Equity Sentiment Is Deteriorating…