The base case remains for a 25bp rate cut by the Federal Reserve in September (i.e. this Wednesday) even though inflation is still running well above the 2% tar... Read More»
“Trump and hubris” is a phrase that has come to mind of late.
It in part refers to the American president’s undoubted growing confidence that his tariff agen... Read More»
The US stock market continues to celebrate the AI capex trade while ignoring the tariff noise based on the TACO viewpoint, or what is otherwise known as the Tru... Read More»
The US stock market remains extremely resilient in the face of the rise in tariffs.
Indeed, the S&P 500 is now trading at a record price to sales ratio o... Read More»
One topic highlighted in this column of late has been the dramatic deterioration in America’s net international investment position which Stephen Miran, chairma... Read More»
This writer was interested to read of late about research on the distorting impact of passive investing, most particularly in the US stock market.
This resea... Read More»
Two things are clear from a recent visit to the China capital.
First, there is no sign that deflation is ending.
Second, President Xi Jinping’s strategy o... Read More»
The recently concluded US trade deals with Japan and Europe, or perhaps it should be said reportedly agreed, are a reminder that China is the only country so fa... Read More»
The US stock market has continued to rally even as the tariff threat lingers.
Investors continue to bet on the TACO trade but the risk is that, with both the... Read More»
Chris is internationally renowned for his weekly institutional research newsletter GREED & fear. He has correctly identified all major global financial bubbles over the last 3 decades (US sub-prime crisis, Nasdaq technology bubble, Asian financial crisis, and the Japanese financial meltdown). He’s also the author of three highly acclaimed books: Boom and Bust, The Bubble Economy, and The End of Japan Inc. Since May 2019, Chris has been Global Head of Equity Strategy at Jefferies.
