Small businesses in the US are becoming more cautious about the economic outlook – the National Federation of Independent Business’ (NFIB) Small Business Optimism Index fell 1.3 points to 101.8 in September.
Investment grade credit has been a standout performer in 2019. Given the ongoing macro uncertainty and recent spread tightening, can the rally continue?
The current U.S. earnings growth downcycle has been largely consistent with the recent deterioration in macroeconomic momentum.
Market Bulletin Fed December 2018
Central banks across the globe recalibrated their policy stance in the first week of May, making it clear that inflation is not the sole driver of their decisions. What does this suggest for the future direction of monetary policy?
Dovish central banks have the potential to extend the cycle—and therefore the positive environment for credit. Despite the strong performance year to date, we see opportunities for selective investors.
Switzerland is well known around the world for its high prices, with a Big Mac or a Starbucks latte costing over USD 6 each. The Swiss National Bank (SNB) itself describes the Swiss franc as “highly valued”, but it is less clear to us that the currency is
Emerging market (EM) central banks are following their developed market peers with easier monetary policy. What are the implications for EM debt?
Themes from the quarterly Quantitative Beta Research Summit
THE INVESTMENT OUTLOOK FOR 2019: MID-YEAR UPDATE