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Recession-Hard/Soft Landing

Why US Economic Feelgood Is Not Good…
Lower Rates Boost US Mortgage Applications…
Another Hotter-Than-Anticipated US Inflation Report…

Our Portfolio Allocation Summary for March 2024.

A Downward Bias In US Nonfarm Payroll Revisions…
US Unemployment Rate Climbs To 2-Year High…
Long-Term US Consumer Inflation Expectations Tick Up…
ECB: On Track For A June Rate Cut…

We are pushing back the anticipated start date for a Eurozone recession and assessing how it affects our equity stance.

We update the indicators in our duration checklist following this morning’s employment report.