Global Equity Positioning: Macro Overview. Raising EU Overweights, Taiwan Vs India, UK Decouples
In our Macro Overview of Global fund positioning, we cover the following: Managers raise EMEA Overweight, hit max underweight in US. Taiwan key...
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US Banks – New Data Supportive
New data in US shows a continued improvement in the economy and new data from the CDC should be well received by law-makers, consumers and the...
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ANZ – Credit Cost Recovery
The theme of lowering credit costs is only just beginning. We see this in spades for Australia And New Zealand Banking Group ("ANZ") (ANZ AU)....
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HSBC – Unimpressive
There appears to be a recurring theme with banks, whereby those with high credit costs early in the year relative to recent years, see a marked...
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Cullen/Frost Bankers – Higher Oil, Less Provisions?
There are few banks in the US or in Texas that have seen as much credit costs during 1Q20 as Cullen/Frost Bankers (CFR US). While both JPMorgan...
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