Valuations
Executive Summary Spreads Near 2017-19 Average
Spreads Near 2017-19 Average…
Highlights There is no evidence of a decline in US corporate credit or bank lending spreads over the past few decades, meaning that any excess savings effect structurally depressing interest rates is occurring in the Treasury market. We note the possible…
Executive Summary Table 1Equity Capitulation Scorecard
Have US Equities Hit Rock Bottom…
Executive Summary Ebbing Stagflation Fear Will Prompt Rerating
Ebbing Stagflation Fear Will Prompt Rerating…
Executive Summary Major EM’s Defense Spends Will Be Comparable To That Of Developed Countries
Beware EMs That Borrow Too Much Or Wage War…
Executive Summary On a tactical (3-month) horizon, the inflationary impulse from soaring energy and food prices combined with the choke on growth from sanctions will weigh on both the global economy and the global stock market. As such, bond yields could…
Executive Summary We look at the Ukraine crisis in the broader context of shocks, what we can learn from them, and how we can incorporate them into our strategy for investment, and life in general. Our high-conviction view is that the Ukraine crisis will…
Executive Summary From Nixon-Mao To Putin-Xi
From Nixon-Mao To Putin-Xi…
Executive Summary China Needs To Create RMB35 Trillion In Credit In 2022
China Needs To Create RMB35 Trillion In Credit In 2022…
Executive Summary The Euro And Relative Growth
The Euro And Relative Growth…