We focus on actions over words, ... as economic constraints spur policy rollbacks.”
We view the current period as still the ‘calm before the storm,’ and we expect growth in the second half of the year to weaken,
Stock investing is likely to continue to feel like riding a mechanical bull in a rowdy sports bar. Keep focused on not falling off the bull!”
A U.S. dollar regime change could be in the making in the long term after it appears to have peaked recently,
Debt sustainability is again creeping into investors minds,
Markets are getting more accustomed to Trump's threats and now partly assume the full threat won't immediately materialise,
Markets are once again dancing on hot coals, front-running White House mood swings while dodging macro landmines,
In a way, all roads have led to a weaker dollar. Higher perceived US deficits have raised concerns about increased future Treasury issuance, pushing up term premium and seeing people migrate away from the dollar,
In light of growing uncertainties, particularly those related to trade policy, we have recently revised down our economic and inflation outlook,
One thing that is starting to concern us a bit is the fact that the rebounds that follow these selloffs are losing strength as we go on,
The stock market seems to dance to Trump’s tune: first a threat, then a pullback, quickly followed by a rebound as speculative investors anticipate a concession from the US President,