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Macroeconomics

Trump’s Future Depends on the Path of COVID-19

European Fiscal Union & US Dollar Weakness There have been several reasons why the US dollar has weakened in recent…

Fed Yield Curve Control will Drive the US Dollar Lower and Valuations of Growth Stocks Higher

Barbell Strategy of  Cyclical & Growth Stocks The base case remains that cyclical stocks will enjoy renewed outperformance, as they…

The Biggest Risk to Stock Markets — Central Banks Removing the Liquidity Punch Bowl

The Liquidity Punch Bowl It is appropriate with the inauguration of this weekly column to look at the 'Big Picture'.…