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”
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Show Me the Data: Equity Outlook Through Growth and Liquidity Lenses
Sentiment and technical analysts are bullish. Fundamental and macro analysts are bearish. This captured the tone among the sell-side research I read in the past three weeks. The equity market 15%+ bounce from mid-June low has made several strategists turned bullish on risk assets, believing that we have seen the low of the cycle. TheContinue reading “Show Me the Data: Equity Outlook Through Growth and Liquidity Lenses“
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