It’s the Most Wonder-bull Time of the Year

Reflation narratives are becoming consensus, but there is little reason to be contrarian for contrarian’s sake Strategists are flooding client inboxes with year-ahead forecasts and themes, and it’s striking how similar the arguments are. The common conclusion from...

Elections Come and Go

The US presidential election on Tuesday is currently the number one event risk for US equities.  But investors should focus on two more important underlying themes: positioning and reflation. Markets haven’t whole-heartedly embraced the reflation trade as money...