Sticking with our strategic views
• We still prefer equities over fixed income on a strategic horizon, but we moderate our stance after this year’s… »
Why we still prefer stocks over bonds
·We recently cut risk, but stick with stocks over bonds for now. Equity prices now reflect much of the worsening… »
Global Markets Daily: Why Defaults Won’t Rise, Even If the Economy Slows
■ The increasingly hawkish stance of monetary policy and heightened market volatility have focused investors on the prospect of a… »
Aero Titans Boeing and Airbus: Who Will Seize the Day?
The venerable 105-year-old Boeing Company has been locked in competition with 21-year-old Airbus SE, which was born from the culmination… »
Biotech Sector: ETF Analysis Shows Overvaluation is Deflating
While the biotech sector had long enjoyed investors’ attention, it was never as pronounced as around the time the pandemic… »
A rebalancing act to reduce risk
• We slightly reduce risk on a worsening macro outlook. We upgrade European government bonds and investment grade credit, and… »
Global Rates Notes: May 2022 Refunding Recap
·Treasury announced across the curve cuts to nominal auction sizes in its May refunding announcement, surprising against our expectation for… »
European Daily: Speculating on an ECB Backstop
ECB officials have signalled the possibility of a new backstop tool for sovereign debt markets. We think their main objective… »
S&P Global Ratings Raises Oil And Gas Price Assumptions On Persistent Geopolitical And Supply Concerns
– S&P Global Ratings raised its Henry Hub and AECO natural gas price assumptions for the remainder of 2022 and… »
Wage-price spiral ahead? Not really
• We don’t see a wage-price spiral. Companies are actually paying less in labor per unit of output, we find.… »
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