Recession-Hard/Soft Landing
US Speculative-Grade Corporate Bonds: Spreads Should Be Wider…
Breaking Out…
Betting On A Less Hawkish BoC…
On Improving US Homebuilder Confidence…
On China's Muted Recovery…
Deciphering The Signal From Singapore’s NODX…
Will US Consumer Discretionary Continue Outperforming…
The Signal From Dr. Copper…
Stocks fare best when there is plenty of slack in the economy and growth is strong and getting stronger. The good news is that the economic growth score for the US in our MacroQuant model is above its historic average. The bad news is that US economy is operating with little slack and sentiment is getting complacent. We recommend that investors maintain a modest overweight to equities for the time being but look to get more defensive later this year or in early 2024.
Beige Book Monitor Signals Slight Improvement In US Activity…