Last week’s GDP report was, on the face of it, good for stocks: the US economy is exhibiting robust non-inflationary growth. The 3-month annualised rate for the core consumption deflator…
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A big tailwind for the US economy last year came from non-residential construction investment. There is every reason to believe the IRA will set a floor for US growth again…
China’s dominance in solar cells, lithium batteries, and EVs – and the broader renewables supply chain – is clear. China was prescient in subsidising its renewables industries early on, and…
The Drewry World Container Index (WCI) more than doubled over the past four weeks: this will begin to push up goods prices. Global reinsurers have begun inserting cancellation provisions into…
Payrolls growth in December largely mirrored the job gains for the whole of 2023. Government and healthcare hiring remained solid. Construction payrolls continue to trend higher, a bullish signal for…
Attacks by Houthi rebels in the Red Sea, have caused mainline operators to reroute ships around the Cape of Good Hope. The Shanghai containerized freight index had jumped 40.2% in…
