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A Game of Tug of War: Demand-Driven Economics May Lead to a New Economic Regime

A Game of Tug of War: Demand-Driven Economics May Lead to a New Economic Regime
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Approaching Normalization, JP Morgan Looks Ahead at Equity Returns, and Energy Extends the Commodities Rally

By: BCM Investment Team The U.S. economy continues its pursuit of “normal” as both the manufacturing and services PMIs ease off their post-pandemic surges into more typical growth territory. Could this signal an easing in inflationary pressures as growth in services prices also decelerates? Banks meanwhile are easing lending standards to give greater access to consumer loans, but will there be high demand after so many used their stimulus payments to dig out of debt? And as JP Morgan publishes a somewhat dour prediction for the equity markets, bond yields around the world have fallen as supply and new issuance remains high particularly in the high yield market. Meanwhile, in commodities, Bloomberg’s commodity index hit highest level since 2015 as oil prices jump following OPEC’s failure to make a deal on increasing production. Good thing renewables are expanding their market share… Looking globally, not everyone is on the road back to normal as China’s debt could mean th

Investegate |Forward Partners Announcements | Forward Partners: Intention to Float

  The contents of this announcement, which has been prepared by and is the sole responsibility of the Company, have been approved by Liberum solely for the purposes of section 21(2)(b) of the Financial Services and Markets Act 2000.   The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and persons into whose possession this announcement comes should inform themselves about and observe any relevant restrictions. In particular, this announcement is not for release, publication or distribution, directly or indirectly, in, into or from the United States, Canada, Australia, the Republic of South Africa, the Republic of Ireland, New Zealand or Japan.

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