Over the next two months, the y/y for the core deflator is likely to show further sizeable declines from January’s reading of 1.79%. However, emboldened by the Republican pushback against…
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Donald Trump has been persistent and dogged in his pursuit of countries that run large trade surpluses with the US. After taking a tough line against China and Mexico, the…
The S&P 500 has rallied to within 1.3% of its all-time high, set on September 20th last year. The Philly SOX index closed at a new record on Friday, 2.2%…
More positive Chinese PMI data lifted equities on Monday. Treasuries sold off too, following the latest US manufacturing ISM report. For sure, there are still significant concerns regarding the state…
Last week’s big decline in US Treasury yields is not necessarily a ‘vote of no confidence’ in risk assets. Lyft’s impressive debut on Friday shows investors are still willing to…
For some investors, the improvement in Chinese equities has been built largely on looser liquidity, not improved fundamentals. The rally has stalled, with the benchmark Shanghai composite slipping below 3,000….
In a world of low inflation, it is quite possible that bond market curves will invert (modestly) without this being a signal that policy is too tight. It may simply…
