Macro Nugget: US equity risk premium below 1%.. time to worry?
With the expected equity risk premium falling below 1%, based on calculations using forward earnings yields and OIS, we are nearing the risk premium levels observed during the Global Financial Crisis. The natural question that emerges is whether it’s time to...
Macro Nugget: EM PPI telling DM what to come?
Our DM and EM baskets for PPI numbers suggest that the inflationary pressures are still looming out there. Before we know it inflation might be a talking point again, at least the EM basket “led” the DM basket in 2021 and we all know how that ended.
EM Watch: Knock-outing the EM darlings, while inflation is returning in EM space
The current sell-off is driven by position squaring not least in USDJPY. The turning tide on USDJPY will impact the EM space largely and also knock-out a few EM darlings in commodity space! To read the full article, sign up for a 14-day FREE trial of the The Macro...
Recent Comments