Week Ahead in Global Macro: SPX Earnings, ECB, BOJ, Moon-Kim in DMZ, Macron/Merkel-Trump
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Prefer US value over growth this...
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A Pervasive Rise in Yields May Propel Further USD Gains
We see the recent resurgence in US yields as potentially the most important driver in the coming week or longer. The resumption of the rise in US...
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Japan Entering a New Era of Capital Efficiency
For years, ROE among Japanese companies languished in low single digits. No more. The average ROE rose to 9.1% in the fiscal year 2017, clearing...
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EM FX Leading a Broader USD Cycle Low in Asia
We have made a case that EM FX is kicking off a cycle that will lead a USD key low in Asia stemming largely from the leading cycle in the TRY...
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PM Abe Facing Erosion of Support from His Party
The opposition parties seem to be losing momentum in pursuing the responsibility of Prime Minister Abe for the cronyism scandal. However, we are...
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