Dec 10, 2020 | Global Economy
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...
Oct 29, 2020 | US Economy, US Equities
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...
Aug 22, 2019 | US Economy
Over the last five Fed easing cycles consumer staples, healthcare and energy provide the highest average total return above the index one year after the Fed’s first cut. This is not too surprising given that the Fed started cutting as recessions loomed in 2007 and...
