Insights

US talks with Russia and China coincide with rising EU-Russia and Japan-China tensions. Stay overweight US assets and long Japanese yen. ...

Markets are misreading Japan’s fiscal headlines. Our latest Insight examines what will shape BoJ policy next, when intervention might come, and the timing of a yen reversal....

The September employment report probably won’t convince enough hawks to vote for a rate cut in December....

Many key equity indexes have failed to break above major resistance levels, while risky segments have begun to crack. Altogether, this suggests that a major peak in risk assets has probably been made. Short the MSCI EM stock index with a stop loss at 1470....

Germany’s economy is regaining momentum after nearly two years of recession. Despite the ongoing cyclical rebound and fiscal stimulus, political gridlock and deep-seated structural challenges threaten to limit the country’s long-term growth potential. Investors should be underweight German Bunds and...

This report revisits China’s property market through both cyclical and structural lenses, assesses the likely policy responses, and evaluates their investment implications....

Partisan redrawing of congressional districts will not prevent Democrats from retaking the House in the 2026 midterms. Neither will the Supreme Court's look at the Voting Rights Act. ...

Indian stocks have further downside in absolute terms as profits disappoint. Their underperformance versus the EM equity benchmark, however, is late, which warrants a shift from underweight to neutral allocation....

This week, our screeners explore opportunities in the Swedish stock market, Canadian gold-exposed and domestic-focused sectors, and ex-tech GenAI names....

Tariffs are fading in importance as companies successfully mitigate cost pressures and preserve profitability. The recent wave of high-profile layoffs is more concerning, but there does not appear to be a systemic reason behind the announcements. However, emerging labor market softness could pose a ...