Is this really the top for Big Tech’s leadership of the US stock market, and the related unprecedented relative outperformance of growth over value?
US Big Tech... Read More»
The Federal Reserve has duly delivered on the expected softening of the inflation target in the latest FOMC meeting in mid-September.
The key point is that the ... Read More»
Gold's Resilience Despite Weak Physical Markets in India & China
Gold continues to behave in a resilient fashion having been in consolidation mode since it... Read More»
The US Treasury bond market has started to sell-off in recent weeks, in line with the base case here of a steepening yield curve as a result of a post-lockdown... Read More»
Trump's Anti-China Theatrics
It has become almost a pantomime. Grizzle refers to the slew of anti-Chinese measures announced by the Trump administration in rec... Read More»
COVID-19 Cases: Contained in America, Surging in Europe
It continues to look as if new cases may have peaked almost to the day that the Donald finally told Ame... Read More»
European Fiscal Union & US Dollar Weakness
There have been several reasons why the US dollar has weakened in recent months, ranging from a soaring US fisca... Read More»
Barbell Strategy of Cyclical & Growth Stocks
The base case remains that cyclical stocks will enjoy renewed outperformance, as they did for a period last q... Read More»
US COVID-19 Data Improving
Attention remains front and center on the data for cases and deaths in America. In the short term, this is the only thing that reall... Read More»