The US stock market has weathered the approach of monetary tightening well and we expect it to continue to do so once the FOMC begins to raise the federal funds rate. Nonetheless, we would be...

Sterling is one of the only major currencies to have appreciated against the US dollar over the past month. However, we doubt its renewed strength will last.

Although the latest wranglings over Greece’s short-term financing needs have so far elicited little response from markets outside Greece, this calm may not last. As the German rebuff of Greece’s...

US Treasuries have come under pressure recently amid signs that the labour market is on fire. But while we think the bull market in government bonds may be over, we expect only a slow grind higher in...