Latest Articles
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EM Banks And Energy Benefit when Commodities Rise And The Dollar Strengthens
Since Trump’s election the market has seen aggressive rotation into cyclical asset classes and out of bond proxies on the expectation of higher growth ... -
Tightest US Mortgage Lending Standards In Over A Decade
Despite rising household formations, a solid job market and record low interest rates homeownership rates in the US are at an all-time low. One ... -
Bank of Canada Holds Rates Steady But Highlights Weak Exports and Investments
As expected the Bank of Canada held interest rates steady at 0.50% today highlighting that economic growth with the help of issuance of check ... -
When USD Is Down In December Materials and Tech Are The Best Performing Sectors
Since the Presidential election the US dollar has had quite the run rising 3.3% and managing to break out of a two year consolidation, ... -
What Will Derail The Trump Rally?
Investors have aggressively rotated out of bond proxies and into cyclical assets since the election see below. Optimism and anticipation of expansionary fiscal policy, ... -
Cyclicality Should Work Under A Rising Rate Environment
A nice chart from Renaissance Macro shows the relative performance of S&P500 sectors when interest rates are rising. Since the financial crisis the prior ... -
Credit Environment Supportive Compared to Last Year’s Hike
It took a whole year but the Federal Reserve finally managed to get the second interest rate hike of this hiking cycle. The hike ... -
Breaking Out Of A Tight Range Is Historically Bullish
The following chart from Strategas Research Partners highlights prior trading range breakouts for the S&P500. The last two years saw the S&P500 trade within ... -
The Bank of Canada Can Be Patient As The Fed Hikes
The Bank of Canada and the Fed’s monetary policy plans have been on a diverging path for some time. The BoC cut rates to ... -
Trump’s Administration Has By Far the Most Business Experience
Ray Dalio, Chief Investment Officer at Bridgewater Associates, published a piece on Monday covering Trump’s newly appointed cabinet and why the new administration will ...
