Oil: From sizzle to fizzle
Oil prices have rocketed to seven-year highs. But we have a bearish view because current prices are unsustainable.
Oil prices have rocketed to seven-year highs. But we have a bearish view because current prices are unsustainable.
Companies are buying raw and intermediate goods at a record pace, which will influence economic growth in 2022.
The Fed’s policy changes will have implications for the U.S. Treasury market and other financial assets.
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.