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More reasons for optimism in US Q2 sector accounts
Strong household money growth and stable corporate finances are hopeful features of the latest US quarterly financial accounts, argues Simon Ward, Economic Adviser.
Global V scenario moving from forecast to fact
Successive V-shaped recoveries are playing out in global economic aggregates, with labour market recuperation likely to follow, argues Simon Ward, Economic Adviser.
Why the cyclicals rally could extend
Traditional cyclical equity market sectors could sustain their outperformance of defensive sectors and start to overtake tech, argues Simon Ward, Economic Adviser.
US election insights: healthcare gains an edge
In this Q&A, Portfolio Manager Andy Acker explains how the political discourse around healthcare has shifted, with potential benefits for the sector.
Investment considerations of a bipolar world
Daniel Graña, Emerging Market Equity Portfolio Manager, believes that the beginning of the end of the post-Cold War order and the rise of an assertive China have enormous investment implications.
A “monetarist” inflation forecast
G7 inflation could rise to 4-5% in 2021-22 barring a rapid reversal of the recent surge in broad money, argues Simon Ward, Economic Adviser.
Strategic Fixed Income: Japanification — Europe first and now the US
John Pattullo, Co-Head of Strategic Fixed Income, explains how the suppression of volatility by the US Federal Reserve during the Covid crisis has led to the Japanification of the US corporate bond market.
Don’t call it a recession
The recent output contraction was government-imposed and did not constitute a recession as properly defined, argues Simon Ward, Economic Adviser.
A superfluous tweak to the Fed’s mandate
Nick Maroutsos, Co-Head of Global Bonds, believes that despite a shift in policy, the US Federal Reserve will likely not have to worry about watching inflation climb above its target of averaging 2% over the long term.
Are we entering the next commodities supercycle?
Daniel Sullivan, Head of Global Natural Resources at Janus Henderson, discusses the factors pointing to a potential multi-year supercycle for commodities and what this means for the opportunity in resources equities.
OECD leading indicators recovering, note statistical meddling
The OECD’s leading indicators are giving a recovery signal but users should be aware of a recent methodological change that has increased monthly volatility, argues Simon Ward, Economic Adviser.
Industrial output rebound bullish for equity earnings
Unprecedented GDP falls greatly exaggerate damage to equity market earnings, which are geared to rebounding industrial output, argues Simon Ward, Economic Adviser.