The US Tax Reform GDP Sugar Rush Coming to an End
The base case here remains that the 2Q18 US GDP will mark the peak of growth in this cycle on the 'sugar rush' of Donald Trump’s tax reform. Still, the l... Read More»
Christopher Wood
The Flattening US Yield Curve and the Fed Balance Sheet Unwind
The other day this writer was thinking that it had become time for Donald Trump to comment on Federal Reserve policy when the news reports appeared on the remar... Read More»
Electric Car Hype Sows the Seeds for a Future Inflationary Oil Price Spike
“Oil forecast to hit peak demand by 2036”. Such was the headline in a newspaper article recently (see Financial Times article: “Oil forecast to hit peak demand ... Read More»
Brexit a Sideshow Relative to Populist Eurozone Uprising
Some comments are due on Brexit which, after many months of waffle and prevarication, is finally becoming 'real'. The unholy mess that former British Prime M... Read More»
Fed Tightening Cycle Triggers Emerging Markets Debt Dislocation
An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding came early last month in the for... Read More»
US Dollar Strength Usher Emerging Market Credit Tears
Growth remains seemingly benign, most particularly in the US with the Atlanta Fed’s GDPNow model indicating 3%YoY growth last quarter (see following chart).... Read More»
US vs China – Is it ‘Art of the Deal’ or Economic Warfare?
If monetary tightening remains the main risk for global stock markets, the threat of a trade war continues to dominate the headlines. The Donald's De... Read More»
Trade War! Making Sense of Trump’s Good Cop / Bad Cop Theatre
Ongoing US monetary tightening is not the only risk facing Wall Street-corrected world stock markets. The past few weeks have seen renewed negative focus on... Read More»
The Great China Deleverage: Economy Ain’t Broke and Stocks OK
There remains a lot of noise about incipient trade wars and the like between the US and China. But, interestingly, the MSCI China Index, which mainly compri... Read More»
Christopher Wood
Head of Investment Strategy
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.
