Global Strategy
Has the Economy Reached a State of “Benign Equilibrium”?
The change of stance by the Federal Reserve has naturally raised hopes that the U.S. economic cycle has achieved a…
Why the Stock Market Rally Has Resumed and What to Expect
Strategist Christopher Wood writes about the factors involved in the resumption of the stock market rally and what we could…
All Aboard the Big Tech Breakup Bandwagon
The investment wisdom has it that the middle ground is always the sensible approach in politics. This can be seen,…
Don’t Dismiss the Eurozone – It Could Spark the Next Global Financial Crisis
Christopher Wood writes about the current politics of the Eurozone and the threats to its economy, primarily in Italy, with…
Modern Monetary Theory: Socialist Economic Quackery Akin to Quanto Easing
Strategist Christopher Wood writes about Modern Monetary Theory, (MMT), why this economic theory is growing in popularity and whether it…
How the Fed is Overshooting its Inflation Target
There would seem little doubt about it, hopes for the normalization of monetary policy, driven by Federal Reserve Chairman Jerome…
Political Pressure is Mounting to End the Share Buyback Bonanza
The base case remains that a US-China trade deal is coming. This should continue to support stock markets for now,…
“Risk On” Market Remains the Base Case but There is One Big Risk
Strategist Christopher Wood writes about the risk-on market being the base case and the biggest risk to the market.
Aussie Housing Correction Exposes Vulnerability in Banks
There have been two housing cycles in the Anglo-Saxon world that never really corrected in the 2008 global financial crisis…
Fed Comes to Grips with Reality: Asset Prices Drive Economies
The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance…