Why we still prefer stocks over bonds
·We recently cut risk, but stick with stocks over bonds for now. Equity prices now reflect much of the worsening… »
The Risk of Second-Round Effects
The surge in Euro area inflation—with headline expected to reach 9% in September—has raised the prospect of second-round effects, where… »
The differentiated appeal of EM debt
We like emerging market (EM) local debt within an overall bond underweight. Much monetary tightening has been done, and valuations… »
The Ukraine conflict is another inflationary shock for the world
Alas, it is settled. Inflation is not transitory. Its persistent uptick has serious implications for the global economy. The ongoing… »
Bitcoin: it’s time to seize the opportunity
The current economic climate is a concern for investors. Trade-restructuring, high levels of liquidity, systemically-low inflation, inverted yield curves, negative-yielding… »
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