The varied responses of individual countries to global inflationary pressures have contributed to elevated real-rate differentials between developed and emerging markets.

We believe shorter business cycles, elevated volatility, and diminished policy responses warrant a focus on portfolio resilience over reaching for yield.

This year’s surge in yields is restoring value to the bond market, especially with the likelihood of a recession rising, although it remains uncertain when market momentum might turn.

The Federal Reserve ratchets up the pace of monetary tightening, raising questions about the U.S. growth outlook.

Despite soaring inflation in Europe, hedges appear cheap

The proliferation of semiconductors throughout our economy may drive more durable, less cyclical demand and earnings.

Federal Reserve hikes policy rate 50 basis points, while remaining flexible in fighting inflation.

The countries’ weight in global trade is relatively small, but outsize exports of raw and semi-finished goods may portend price hikes across a variety of industries.

While Beijing has set an ambitious growth target this year with a generous fiscal stimulus plan, new COVID-19 waves are adding to mounting headwinds amid a slowing global economy.

As the West cuts Russian energy supplies, U.S. shale oil and natural gas producers may regain global dominance.

Parsing the yield curve can lead to a variety of conclusions about whether a downturn is coming, while underscoring the importance of flexibility.