China May Nullify World Recession
Several indicators point to approaching World recessionary trough and even an early pick-up. Chinese monetary policy easing may be enough to lift...
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Spoiler Alert: Global Macro Data Is Tilting the Wrong Way
The latest round of data shows Macro Momentum is fading, something that equity markets and other risky assets are not pricing currently.
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Asset Class Performance After the Final Hike – Part II Equities, Treasuries, Commodities, and Gold
Equities and Treasuries shine once the Fed's final rate hike is in, but the latter do so with much lower risk. Commodities lag once the tightening...
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Changes in Portfolio Weights: Calibrating the Weight of Nominal and Real Assets.
We increase the weight of Developed Market Equities but remain short/underweight. We lower the weight of gold, which remains overweight, and cash.
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Fed Lending Survey: Bad for Growth, Spreads, and Equities
Based on tighter lending standards, the US high yield default rate should quadruple to above 7% from 1.7% last year, and bond spreads must widen...
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