Never sell a quiet market
Equity markets in the US and Europe have been range bound since May. A range bound market is…
Inflation is coming!? Markets think otherwise…
A useful way to measure the market’s expectations for inflation is to look at the difference between US…
Fed: “growth strong, inflation transitory” / Europe committed to further stimulus
Eager to get a clearer picture of when central banks will begin tapering stimulus measures, markets these days…
Fed: higher inflation “transitory” but normalisation on the horizon
It has been some weeks since we last discussed rising US inflation data and some economists’ interpretation of…
World bank upgrades forecast / New macro-economic data
Following on from the OECD’s global economic outlook review, which we mentioned in our last Weekly Brief, the…
US makes further gains / Europe finally sees turnaround
Latest US macro-economic data confirmed the impressive pace of the country’s economic recovery. The US economy expanded at…
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…