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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China’s Opportunity – Not To Be Missed

Jun 25, 2024

5:36 am

• The Third Plenum of the 20th Communist Party of China Central Committee should deliver news of structural change. • After the recent pause in equity market performance, we see upside risk for the market. • A rally may depend on the engagement with a domestic investor who historically has not favoured equities. There is…

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Opportunity Out of Adversity?

Jun 18, 2024

8:45 am

• The Fed downgrades its expectations for rate cuts, however the market disagrees • US interest rate sensitive stocks could rally after some painful underperformance • French politics is all at sea, but the French equity market has probably fallen too far The Fed doesn’t believe in significant early rate cuts – but the market…

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