The soft landing and rate cuts narrative is being priced out, and the S&P 500 is overvalued and getting overbought. The Magnificent Seven are about to get a new moniker on the back of performance dispersion. However, without the cohort, S&P 500 earnings would have been even deeper in the red....
The Global Equity Score turned bearish this month, resulting in an increased exposure to the Consumer Staples and Health Care. The Style Score continues to favor Large-Cap Value over Small-Cap Growth....
Our Central Bank Monitors support European central bankers’ decision to hold rates steady. Find out what it means for European fixed-income portfolio allocation....
The Saudi economy is facing internal and external headwinds. The geopolitical conflict is also escalating in the Middle East. EM equity portfolios should stay neutral on Saudi stocks. EM sovereign credit portfolios should upgrade Saudi Arabia from neutral to overweight....
The US DoD rolled out its first-ever industrial policy designed to reverse decades of atrophy in its military-industrial complex. This left the US with diminished access to CMM commodities and supply chains, which are now dominated by China, and an industrial ecosystem to support its war-fighting mi...
