07/01/2022

Weak growth, elevated inflation to support dollar

By all accounts, the degree of USD strength has been unprecedented in the past twenty years, and under normal circumstances, a simple mean reversion argument would suggest the dollar would peak and roll over.

06/30/2022

Slowing economy, a cautious outlook

The situation in Europe is very different, with growth more at risk from the Ukraine conflict and inflation more driven by food and energy price shocks.

06/29/2022

Market rebound loses momentum - UBS

The S&P 500 fell 2.01% on Tuesday, giving back part of last week’s 6.5% rise, as continued worries that elevated inflation will weaken consumer spending and growth.

06/28/2022

Fixed income: Update on US interest rates

Even after experiencing six months of historical rate moves—with the 10-year Treasury yield having spiked from 1.5% at end-2021 to last week’s high of 3.5%

06/28/2022

One Swallow Does Not Make a Summer

The speech was interpreted as a signal of the Chinese government’s commitment towards the 5.5% growth target for the year.