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Writer's pictureEdward Ballsdon

September Macro Review and Outlook

RESEARCH CONTENT


  • This time is different: the importance of government deficits vs poor private sector debt growth

  • Recent economic data “surprises”

  • Inflation “under control”, but extremely complex

  • Macro “Known Knowns”

  • Money markets and Central Bank rate expectations – ZIRP vs “High” Yielders

  • 10-year yields testing key supports

  • Yield curve trends

  • Cross market interest rate spread trends and outlook

  • Foreign exchange: ranges vs breakouts

  • Equity and Oil sentiment

  • Investment Themes and Ideas

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