Valuations
Executive Summary Investors face a dilemma. The faster that inflation comes down, the better it will be for valuations via a stronger rally in the bond price. But if a collapse in inflation requires a sharp deceleration in growth, the worse it will be for…
Executive Summary European Spreads Have Cheapened Up More Than US Spreads
European Spreads Have Cheapened Up More Than US Spreads…
Executive Summary Equities Are Closer To Capitulation
What Is Next For US Equities? They Will Be Fat And Flat…
Executive Summary First IG, Then HY
First IG, Then HY…
Executive Summary Indian Voter’s Economic Miseries Are Ascendant
Indian Voter's Economic Miseries Are Ascendant…
Listen to a short summary of this report. Executive Summary EUR/JPY And The DXY: Unsustainable Gap
EUR/JPY And The DXY: Unsustainable Gap…
Dear Client, This week, the US Bond Strategy service is hosting its Quarterly Webcast (May 17 at 9:00 AM EDT, 14:00 PM BST, 15:00 PM CEST and May 18 at 9:00 HKT, 11:00 AEST). In addition, we are sending this Quarterly Chartpack that provides a recap of our…
Executive Summary The Fed offered more explicit near-term forward rate guidance at its meeting last week. This guidance will reduce yield volatility at the front-end of the curve during the next few months. We expect the Fed to deliver two more 50 basis…
Highlights All four of our US Equity indicators are currently pointing in a bearish direction. Our Monetary Indicator has fallen to a three decade low, our Technical Indicator has broken into negative territory, our Valuation Indicator still signals…
Executive Summary A housing slowdown has begun and it will proceed in three stages. First, rising mortgage rates will lead to slowing demand. Second, weak demand will push inventories higher and cause home prices to decelerate. Finally, construction…