5 Things That Could Wrongfoot Consensus in 2024
The overwhelming consensus for 2024 continues to be a soft landing in the US with interest rates coming firmly down while growth continues on...
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Positioning Watch – How are markets positioned ahead of a turbulent 2024?
Hello everyone. We hope you have enjoyed the holiday season and are slowly but surely getting ready for New Years and the new year ahead of you in...
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Japan: The End of Japanification as Rising Nominal GDP Spurs Virtuous Circles
Decisive end to deflation (core inflation at 2.8%YoY, 21 months of YoY wage gains) sets off a virtuous circle: per capital nominal GDP up 3.5%,...
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Japan: The Winner from This Year's Spurt of Inflation
13 months ago, Japan was attractive as inflation had returned but wages had not started rising, but were eventually expected to. Now a wage...
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Portfolio Watch: Steep, Steeper, Steepest!
What a week in global fixed income! We thankfully rotated out of bonds and into cyclical exposures in steepeners, commodities, energy and...
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