$100 oil may be a pipe dream
Oil prices have risen to multi-year highs on surging demand, tight supply, and the crunch on natural gas. We believe it is time to question the current rally.
Oil prices have risen to multi-year highs on surging demand, tight supply, and the crunch on natural gas. We believe it is time to question the current rally.
President Xi Jinping’s “common prosperity” campaign to address China’s wealth gap has converged with the regulatory crackdowns.
Global financial markets might be pricing in a “living with the virus” environment and are adjusting to a lower growth path.
Following broad-based recovery in the labor market when the economy initially reopened in 2020, the labor force participation rate has stagnated and started to diverge.
We believe growth in the United States remains strong, but expectations need to be revised lower.
We examine the interplay between President Biden’s multi-trillion-dollar stimulus plans, the labor market, and corporate profits.
The Federal Reserve remains dovish on monetary policy as bond market vigilantes push yields higher.
We believe that pandemic-related bottlenecks have temporarily lifted U.S. inflation. Still, the underlying inflation trend is weak.
It is strategic for the U.K. to have a trade deal with the EU given the short- and long-term negative effects of Brexit.