by Oussama Himani | Dec 18, 2024 | Markets
The past year has been one of positive surprises. Inflationary pressures were brought under control in most countries. US economic growth remained strong, exceeding most forecasts. Equities and credit performed well. The outlook for the global landscape is far more...
by Oussama Himani | Oct 16, 2024 | Markets
As we head towards a very consequential US election next month, we are balancing our positioning between two opposing forces. The first is the strength of recent economic data. The second is the inevitable uncertainty that comes with a change in policies. Recent...
by Oussama Himani | Apr 10, 2024 | Markets
The US economy has defied all expectations over the past year. A much-anticipated recession in 2023 never materialised. The economy accelerated in the last quarter of the year. So far in 2024, the economy appears to be growing at a healthy clip of 2.5%. Unemployment...
by Oussama Himani | Jan 24, 2024 | Markets
Sometimes, the more things change, the more they stay the same. The past year has been confounding for most economists. Economic data and historical precedent suggested that a US recession was likely. Yet the year came to an end with continued strength in economic...
by Oussama Himani | Jan 11, 2024 | Markets
US debt ceiling discussions are a predictable feature of the policy-making process. The only uncertainty regarding the Treasury’s ability to continue meeting its cash obligations was timing: would it be July or August? As it turns out, the date is likely to be...
by Paul Hoenck | Mar 31, 2023 | Markets
In short: Stress in the global banking system leads to slower credit growth The Fed is likely to separate its tools for its objectives We retain our duration exposure, anticipating lower growth and inflation expectations For the first time since 2008, cracks have...
