Sticking with our strategic views
• We still prefer equities over fixed income on a strategic horizon, but we moderate our stance after this year’s… »
Turning neutral on DM equities
• We cut developed market (DM) equities to neutral on a risk of the Fed talking itself into overtightening policy… »
European Daily: BoE — How Different from the Fed?
■ The Bank of England’s cautious messaging at last week’s MPC meeting contrasts sharply with the Fed, which accelerated its… »
A rebalancing act to reduce risk
• We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and… »
Wage-price spiral ahead? Not really
• We don’t see a wage-price spiral. Companies are actually paying less in labor per unit of output, we find.… »
Fed likely set for a 75bp hike and more balance sheet reduction
It’s hard not to fixate on comments from the Fed’s Bullard suggesting that a 75bp rate hike would not be… »
Why we still like stocks as yields spike
• We prefer equities even as bond yields have sprinted higher. Global growth is still solid, and we see central… »
Fading peace prospects weigh on Euro, while surging US rates buoy dollar
The Euro finished the week at the bottom of the G10 rankings on concerns the war in Ukraine will not… »
European currencies rebound on hopes for a ceasefire in Ukraine war
The Euro, together with the Swedish Krona and the Swiss franc led the G10 rankings last week. The sense that… »
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