Valuations
Executive Summary Turkey is staring into an abyss: economic crisis that will morph into political crisis in the June 2023 election cycle. President Erdoğan will pursue populist economic policies and foreign policy adventurism to try to stay in power,…
Highlights The risk of a US recession has increased sharply over the past several months. We have not yet concluded that a recession over the coming year is inevitable, but substantial (further) supply-side and pandemic-related disinflation is likely…
Please note that there will no US Bond Strategy publication next week. Our regular publishing schedule will resume on September 6th with our Portfolio Allocation Summary for September. Executive Summary This report describes a framework for implementing…
Executive Summary The Fed Versus The Market
The Fed Versus The Market…
Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (August 16 at 10:00 AM EDT, 15:00 PM BST, 16:00 PM CEST). In addition, we are sending this Quarterly Chartpack that provides a recap of our key recommendations and some…
Listen to a short summary of this report. Executive Summary The odds of a recession in the US are lower than widely perceived. The probability of a recession is higher in Europe, although this week’s partial resumption of gas flows…
Executive Summary Bond investors can’t seem to decide whether the US economy is in the midst of an inflationary boom or hurtling toward recession. Our sense is that, while US economic growth is clearly slowing, we don’t see the unemployment rate rising…
Listen to a short summary of this report. Executive Summary A Tremendous Inflow Into US Government Bonds
A Tremendous Inflow Into US Government Bonds…
Listen to a short summary of this report. Executive Summary Gold Has Established A Double-Top Formation
Gold Has Established A Double-Top Formation…
Listen to a short summary of this report. Executive Summary Chinese Stocks Are Relatively Cheap
Chinese Stocks Are Relatively Cheap…