U.S. stocks have been under pressure going into next week’s key economic data releases after the carry over effects of the recent Non-Farm Payroll (NFP) report hurt valuations (in particular rate-sensitive growth stocks). The chart below shows both the 2-year (orange) and 10-year U.S. government bond yields rising of recent leaving future earnings for these...Read More

The British pound prepares itself for a stacked week ahead that include both Bank of England (BoE) and Federal Reserve interest rate decisions respectively (see economic calendar below). The BoE has hinted at yet another 50bps hike which is confirmed by money market pricing as seen in the table below. While this is largely priced...Read More