Global Monetary Easing Cycle Becomes More Idiosyncratic
The global monetary easing cycle has become more idiosyncratic, as central banks face differing risks, ranging from deflation to potential...
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US Equity Outlook: Leadership Concentration Has Been Higher and Valuations Still Matter
S&P500 leadership is very concentrated, but previous peaks have been higher compared to present levels and the dot-com boom. Unrealistic earnings...
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Fed's Latest Financial Stability Report Highlights Pitfalls of Fiscal Profligacy
The Fed's latest Financial Stability Report conveys high financial asset and real estate valuations. Private sector debt was not deemed to pose...
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Trump Tariff Plans and Fed Policy: Dovish Twist in the Tail?
President-elect Trump announced 25% tariffs on imports from Canada and Mexico and an additional 10% tariff on China. Fed policy could be impacted....
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Trump Trades Remain Intact, but Markets Will Not Offer Total Freedom on Fiscal Policy
Trump trades remain intact, notably a rising dollar, despite recent pauses in US equities. Financial stocks are braced for lighter regulation, but...
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