Europe recovery kicks into gear / China’s PR problems might get (much) worse
Backward-facing data in Europe remain bleak, but forward-looking indicators are now turning more optimistic. The Flash Eurozone PMI…
Inflation! Time to panic, or much ado about nothing?
Imagine inflation in any year (Year X) is 3%. If the return on your investment assets in Year…
Higher US inflation / China going strong / Europe turning a corner
US consumer price inflation (CPI) for April accelerated at its fastest pace since 2008, jumping to +4.2% year-on-year…
Look through short-term volatility and remain focused on profitable growth
In the past weeks we have seen broad weakness in growth and in particular technology stocks. This is…
US economy powers ahead / China trade risk never went away
US GDP growth for the first quarter of 2021 was released last week, showing that the world’s largest…
US & China economies break through pre-pandemic levels, Europe plays catch up
Last week saw data on US housing starts show a +37% surge year-on-year (YoY) in March, a rise…
As life returns to normal, might financial markets also return to pre-pandemic normalcy?
In recent weeks we have seen two important indications that market sentiment is returning to something which resembles…
Could Goldilocks be set to make a return?
The International Monetary Fund (IMF) is not known for its boundless optimism, so when it released a significantly…
China and the US roar back to life, but Europe still lags
In China, total industrial sector profits surged by +179% year-on-year (YoY) in the first two months of 2021.…
All the talk of K, W and U shapes was premature… the recovery is V-shaped
The US equity market reached its pandemic lows almost exactly one year ago on March 23rd, 2020. Following…