Gradually, Then Suddenly: Beware of the Lag Impact of Policy Tightening

Green shoots in the economic data and the associated change in market narrative from hard landing six months ago to no landing currently have bolstered the performance of equities and pushed bond yields to near previous highs. January’s retail sales number shows consumers in the U.S. spent 3% more relative to in December, outpacing analysts’Continue reading “Gradually, Then Suddenly: Beware of the Lag Impact of Policy Tightening”