An overhaul of the US corporate tax code would probably provide a net boost to S&P 500 earnings. Nonetheless, we suspect that it would be small and that it has now been largely discounted in equity...

While US break-even inflation rates have recently risen, this appears primarily to reflect increased uncertainty about the inflation outlook. As actual expectations for inflation rise and investors...

The latest rise in industrial metals prices has provided a welcome fillip to emerging market equities, which are now at their highest level for more than a year and a half. However, we think that this...

The news that Japanese investors have been selling large amounts of US Treasuries reinforces our view that reduced appetite from overseas investors will play a role in driving up their yields this...