The recent bond market sell-off appears to reflect investors demanding greater compensation for fiscal, geopolitical and policy uncertainty. We expect this shift to prove relatively persistent. The...

AI-related equity markets may be approaching a point where earnings expectations and capital expenditure assumptions become difficult to sustain. A correction in these expectations could trigger a...

Past form suggests that a sustained period of high inflation would be a headwind to the US stock market and the outperformance of the so-called ‘big tech’ sectors. But inflation would probably need to...