1. OverviewA bear market is a bit like death: You should expect it to happen, but you should not position for it too early.Our central scenario is that the AI boom will turn to bust and that this will ...

That said, activity accelerated meaningfully in 2024, with a rising number and share of AI-related loans. As capital becomes ...

Provides asset allocation recommendations to optimize your US bond portfolio, given the different macro environments effecting interest rates and bond yields. Our Golden Rule of Bond Investing is a ...

“If the exponential continues—which is not certain, but now has a decade-long track record supporting it—then it cannot possibly be more than a few years before AI is better than humans at essentially ...

Want to stay long stocks? Watch the 10-year yield. If we are not under 4% by the end of the year, stocks will suffer.

News reports and rumors suggest the US is preparing a significant military strike against Iran after positioning the USS Abraham Lincoln aircraft carrier strike group in the Persian Gulf. The White ...

Critical input for global and EM investors, providing global macro investment themes and recommendations for EM equities, currencies, and fixed income. Clients have access to unique investment themes ...

Top Takeaway: Weakening economic growth will pressure Chinese equity prices in the near term. However, any selloffs in H1 will present buying opportunities as we expect policy support to step up ...

The US under President Trump's second term is widely reputed to be "autocratic" or authoritarian, i.e. lacking in checks or balances. Concern is warranted. The president approaches the office with a ...

When it comes to the UK economy, the focus of the Bank of England (BoE) and commentators has been on sticky inflation. Meanwhile, very little attention has been paid to the UK growth picture. We have ...

The Fed Is Done With Preemptive EasingThe Fed held rates steady this afternoon and Chair Powell said in his press conference that the committee views the current policy rate as appropriate to both ...

Japanese yields are heading higher as Japan exits its deflationary regime. Japan is exiting decades of deflation and ultra-accommodative policy, and markets are trying to find their footing. While ...