US equities trade at rich valuations while emerging markets offer relative value and potential outperformance
US CAPE valuation signals risk but doesn’t end bull market momentum
Easing Policy Risks Inflation Return as Debt Pressures Drive New Monetary Regime
US PPI leads CPI lower, supporting Fed cuts and risk assets into 2025
China M1 slump signals weak demand and contained global inflation pressures
Fed Cuts Despite Sticky Inflation Reflect Tight Financial Conditions and Policy Normalisation
Fiscal stimulus and liquidity support reduce near-term recession risk and support equities
US unemployment rising triggers recession signal but labour distortions complicate outlook
