Is This Asia’s quarter?

Apr 2, 2024

6:14 am

• Japanese equities were the star of the just-concluded quarter • US equities, meanwhile, benefitted from strong performances from software, insurance, and energy sectors • As China stabilises, investors wonder if this could be Asia’s quarter • US Treasuries receive good support in the final auctions of the quarter, after some lacklustre performance Japan led…

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A Split View

Mar 26, 2024

9:05 am

• The FOMC is evenly split between those seeing only modest rate Fed rate cuts and those the expecting far more • The market believes the dovish view of a soft landing and reversion of inflation to target • SNB cuts rates – MPC and ECB to follow through the summer • Be careful with…

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The Fed under Pressure

Mar 19, 2024

9:22 am

• US bond market witnessed a sharp correction last week on unfavourable inflation data that unnerved investors • Inflation data has signalled a persistence that must worry the Fed • The FOMC is under pressure to reassess its guidance to the markets at this week’s meeting • Market prices just two or three rate cuts…

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US Equities: Pushing the Envelope too far?

Mar 12, 2024

8:14 am

• US equities discount more of the same – growth and low interest rates • A more sobering view has less growth and higher interest rates and hence lower valuation • A serious correction in the near-term maybe headed off by the near term hope of robust growth, lower interest rates and a future corporate…

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