Global Strategy
Have Supply Shortages Made Oil Stocks Recession Proof?
A constructive view is maintained on energy despite concerns on demand destruction and related recession fears. The first point to…
Europe’s Long Hailed Fiscal Union is Finally Upon Us
There is growing potential for market focus to switch back to the Eurozone in coming weeks. This writer’s base case,…
The Language That Could Signal a Fed Pivot
There is no doubt that Wall Street has in the relief rally underway since late June been in an awful…
Pushing on a String: China’s Consumer Demand Problem
Pushing on a string is a term this writer became very familiar with employing when living in Tokyo in the…
Are Stocks Ready for the August Inflation Reading?
The obvious source of relief for Wall Street-correlated world stock markets, save for a Fed U-turn, would be a sign…
Is an End in Sight for China’s COVID Zero Policy?
The current investment quarter has been marked by financial markets acting like talk of a “return to the 1970s” is…
The Yen is on the Ropes, is Yield Curve Control Next?
This writer has continued to take a positive view on energy stocks. That said, energy and other cyclical commodity-related sectors…
Are Leveraged Loans This Cycles Ticking Time Bomb?
The longer monetary tightening proceeds the more likely it is to trigger real problems in the area where credit growth…
Is a Ukraine Compromise Imminent?
If intensifying US monetary tightening should be theoretically bullish for Treasury bonds because it hits demand, the macro situation has…
What Data Could Cause a Fed Pivot on Rates?
The outlook remains the inverse of Goldilocks. The minimum decline investors should expect, if the Federal Reserve sticks to its…