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BofA notes that their month-end rebalancing model is pointing to outflows in EUR/USD and GBP/USD into the month’s fix. The firm says that: “We estimate FX rebalancing needs based on a conventional 60/40 portfolio of global equities & bonds. The underperformance of USD vs GBP & EUR denominated assets over August suggests rebalancing out of…
C. K. E. Those aren’t initials or Greek life letters. They’re some of the terms that economists, corporate leaders and politicians are using as they attempt to define the U.S. current economic moment. Ever since the recovery from the pandemic, a consensus among economists has viewed the economy as acting in a “K”-shape, displaying an…
Elon Musk’s company has won praise from analysts and benefited from a general bounce in the tech sector.
