In this short video we address the main risks that markets are discounting:
- Trade Wars
- Rate Hikes
- Global Slowdown
Category Archives: On the cover
Powell, A Welcome Surprise
The mandate of Janet Yellen in the Federal Reserve can be considered the “lost opportunity”. Yellen and the Federal Reserve delayed urgent and justified rate increases due to fear of market reaction and likely political tacticism in the face of U.S. elections.
Betting on reflation? Three risks to ponder
In this short video we explain the three risks to inflation expectations:
- Global slowdown of PMIs and weakening economic surprise:
- Commodities price action.
- Protectionism is disinflationary. It generates more negatives in growth, trade and consumption than the alleged protection to the sectors involved.
The Crowded Trade. Is Europe Slowing Down?
Consensus remains euphorically optimistic about the Eurozone.
However, the first data of 2018 are worrisome. While consensus expects a strong 2018 for Europe, the advanced data begins to question the optimistic expectations. Continue reading The Crowded Trade. Is Europe Slowing Down?