This morning’s December employment report was undoubtedly a mixed bag, but the most important indicators from a monetary policy perspective all improved, definitively ruling out a January rate cut and ...

To start 2026, we answer what we believe are the most important questions facing investors surrounding the labor market, monetary and fiscal policy, and AI stocks. Overall, we reiterate our overweight ...

Technology capital expenditure1 has reached a record 7.2 percent of US GDP – beating the previous 7.1 percent record set during the post-pandemic work from home ‘Zoom boom’ and smashing the 6.4 ...

With FX volatility near cycle lows, this Insight examines where positioning has become most stretched across G10, EM FX, and precious metals – and what that implies for near-term moves and reversal ...

Breaking Out?The MSCI EM Stock Index has resumed its uptrend in recent weeks (Chart 1). Is it a genuine breakout or a false one (i.e., a fakeout)?Globally, the technical picture is mixed. While some ...

We head into 2026 with Treasury yields that have largely traded sideways for the past two years (Chart 1). As we discussed in our Key Views 2026 Special Report, the two most likely scenarios for this ...

There will be little market and macro implications from the US intervention in Venezuela. Fade away any near-term moves in global oil markets. However, Colombian and Peruvian assets will benefit from ...

Through a typical monetary tightening cycle, the yield curves bear flattens since the front end of the curve is more sensitive to the policy rate than the long end. However, the painfully slow ...

Interest Rate Policy In 2026We learned last week that most FOMC participants anticipate only a modest amount of policy easing in 2026. While 12 out of 19 participants think that at least some amount ...

After a very weak first quarter in which real consumption grew at just 0.6% on an annualized basis, households have shopped with vigor, growing spending by 2.6% and 3.5% in the second and third ...

The first week of January is always the most difficult for investment strategists. The annual outlook is usually penned in early December. Ours went to your inbox on December 2, perhaps too early to ...

1. OverviewInvestors are bombarded with data every day. MacroQuant distills all this information – literally hundreds of data series on the economy, monetary and financial conditions, as well as ...