Although the S&P 500 has risen further since the FOMC’s latest meeting, we still expect the index to falter this year even if the Fed shrinks its stock of assets more slowly and by less than...

This week’s flurry of EM central bank meetings will probably add to the signs that the shift towards tighter monetary policy in much of the emerging world is nearing an end. Even so, we doubt that the...

Although we expect the US federal funds rate to end 2020 lower than it is now, we don’t think that the dollar will decline this year. The reason is our bearish view of the global economy.

We think that the recent rally in euro-zone equities will run out of steam. Although a trade deal between the US and China could give a boost to global share prices, including in the euro-zone, we...