Developed Markets
US Dollar – Tactically cautious, structurally bullish
We can see the dollar continue to trade weak in the near term, but on a slightly longer-term horizon, we find this narrative unconvincing….
Read MoreAnnus Mirabilis?
As we enter the last month of a historic year, it is perhaps appropriate to look forward to 2021…
Read MoreReview, Reset, Revolution?
The single most important factor for national economies going forward is growth…
Read MoreGlass Half Full?
There are many reasons to look beyond the near-term negative of virus resurgence…
Read MoreThe Final Countdown?
From our perspective, the prospects of a trade deal with the EU are…
Read MoreContested Conclusions?
Through much of 2020, the macroeconomic backdrop, financial markets and, in some respects, life in general has been dominated by…
Read MoreRearLagarde Action?
Amid a sharply deteriorating virus – and by extension economic – backdrop for Europe, ECB President Christine Lagarde…
Read MoreEUR: A Changing Tide?
At the start of Q3 as the global economy began to emerge from the self-induced coma of lockdown…
Read MoreThe narrative propelling the euro remains unconvincing
The narrative propelling the euro remains unconvincing. The hype on the European Recovery Fund…
Read MoreThe unloved US equity rally
A widely held view in the market is that equities are due for a sharp correction, given the amount of underlying risks, such as…
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