Macroeconomics
Expensive Green New Deal will Drive Energy Prices Higher not Lower
The Economist has a long-established tradition of contrarian cover signals, as have other business magazines, some of which are now…
Developed Market Bonds are Dead Money, Buy Discounted Cyclicals
Is this really the top for Big Tech’s leadership of the US stock market, and the related unprecedented relative outperformance…
China Offers Safety in a World of Central Banks Gone Crazy
The Federal Reserve has duly delivered on the expected softening of the inflation target in the latest FOMC meeting in…
Election 2020: Are Trump’s Anti-China Theatrics Setting Up for an Inevitable U-Turn?
Trump's Anti-China Theatrics It has become almost a pantomime. Grizzle refers to the slew of anti-Chinese measures announced by the…
COVID Cases Contained In America and Economic Data Remains Resilient
COVID-19 Cases: Contained in America, Surging in Europe It continues to look as if new cases may have peaked almost…
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'.…