This edition of Macro Trends explores rising metals volatility, with gold and silver absorbing shocks, industrial signals fragmented and inflation transmission diverging across regions.
This edition of Macro Trends explores Venezuelan crude’s potential return to U.S. markets, and how refinery limits and shifting trade flows may displace heavy grades rather than expand supply.
This edition of Macro Trends explores how financial conditions, growth, inflation and yield curve signals relate to forward equity returns and positioning across styles.
AI equities face a turning point as leadership narrows to hyperscalers and chipmakers with strong earnings, while rich valuations and uneven fundamentals reveal gaps between pricing and performance.
Markets have priced out a lasting easing cycle after the Fed’s hawkish cut, keeping policy near neutral as sticky inflation, high real yields and AI-led capex shape a carry-driven credit outlook.
With U.S. data dark during the shutdown, markets brace for a Fed cut as monetary easing collides with fiscal stimulus, reshaping yield curves and expectations for the policy path ahead.
