Global risk assets continue to look overbought, as we mentioned in our previous post. The current environment continues to merit caution for long biased traders.
Independent Global Macroeconomic Research
The Credit Bubble and the Calm Before the Volatility Storm
The developed world remains mired in the debt crisis that roiled the global economy in 2008. Growth is low, and deleveraging is an ongoing process. However, the response by [...]
Structural labour market issues in the US point to looser for longer at the Fed
Employment in the US is closely watched, especially as the Fed has marked it out as an important factor in how it will judge its stance in monetary policy. Payrolls have [...]
NYSE Margin Debt Going Parabolic Signals Increased Risks for Equities
In the short run, it is difficult to see what can stop equities at this point. Low inflation, central bank support and relatively robust economic data have created a [...]
