Under the Veneer of the ‘Unbreakable’ U.S. Consumer
Continuing last week's subject of the momentum in the U.S. economy, the key issue remains consumption, which accounts for 68% of GDP.The fundamental pro... Read More»
Global Strategy
Short-term Interest Rates Likely to Fall, Slowing U.S. Economy
I remain firmly of the view that the next move in interest rates in the U.S. will be a cut, not a hike. The view here also remains firmly that the way the U... Read More»
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 so-called “benign equilibrium”, where gro... Read More»
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 expect to happen.... Read More»
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, for example, in a series of articles trig... Read More»
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 the upcoming European elections.... Read More»
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 can work.... Read More»
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 Powell’s relatively straig... Read More»
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, helped by the following wind provided by ... Read More»
