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A July Rate Cut?

Jul 9, 2024

9:43 am

• US economic data currently lends itself to earlier rate cuts • The ISM Service Sector index was sharply weaker • The Fed might consider a rate cut at its July meeting • We expect selective interest rate-sensitive sectors to perform • US 2-year government bond yield on track to decline to 4.2% Maybe, just…

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UK Election Special – Shifting to the Left

Jul 8, 2024

9:15 am

• The UK electorate has dramatically ended 14 years of Conservative Party rule with a crushing victory for the Labour Party, winning a majority of 166 with 408 seats. • Conservative Party representation falls to 136, 208 seats lost and its worst defeat in modern times. • Voter turnout was depressed with the swing to…

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Q2 Macro and Markets Quarterly

Jul 4, 2024

9:27 am

The second quarter of 2024 was marked by a complex interplay of strong financial market performance, persistent inflation, and geopolitical risks. While consumer spending and labor markets remained robust in key economies like the U.S., inflation and geopolitical uncertainties posed ongoing challenges. The global economic outlook remained cautiously optimistic, with central banks’ monetary policies and…

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Political Turmoil

Jul 2, 2024

6:11 am

• US politics in state of flux and still five months to go • US equity market doesn’t agree with the Fed’s view, but the bond market does agree • French politics in a state of flux • The ECB may be called to soothe the nerves of investors in the French bond market •…

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