Recession-Hard/Soft Landing
Flash DM PMIs Indicate Deteriorating Service Sector Activity…
The Bulls Have Retreated…
US fiscal, monetary, and foreign policies are unlikely to deliver any dovish surprises for investors in Q4, due to the impending government shutdown, persistent inflation, and instability among OPEC+ and China.
Positive Surprises From US Jobless Claims And LEI…
The BoE Stands Pat
The BoE…
A Triple Whammy For US Stocks…
Record German PPI Deflation Confirms Benign Inflation Outlook…
UK Inflation Surprise Opens The Door To A Less Hawkish BoE…
China’s reopening faltered and now it is applying moderate stimulus. OPEC 2.0’s production discipline is getting results, with oil prices climbing. The Fed will not be able to deliver dovish surprises in Q4 2023. Investors should expect stock market and commodity volatility and prefer defensive positioning.
Another BoC Rate Hike?…