Bitcoin’s correlation with equity prices has strengthened recently, but we think that this will be just temporary. We still think that Bitcoin is essentially worthless, meaning that it is likely to...

Aside from equities in the US and China, those in Korea, Taiwan and South Africa appear particularly exposed to a further deterioration in Sino-American trade relations. And IT, consumer discretionary...

After outperforming for much of the past year or so, the IT sector has led the falls in stock markets in the past couple of weeks. Is a sustained period of underperformance now likely?

The spreads of emerging market (EM) sovereign dollar bonds have been edging up since their lows a couple of months ago, and we think that they have further to rise over the next two years.