Nerves are rising around Data Center financing but most of the fear comes from GPU financing. GPUs are not Data Centers. Data Center collateral is solid, and so are the tenants.

Our US Equity strategists expect the Anthropic and OpenAI listings to open a critical part of the AI story to public scrutiny, while adding to an issuance wave that has already weighed on S&P 500 ...

Our Private Markets & Alternatives strategists see the data center debt scare as overblown. Nerves around AI financing are rising, but our colleagues attribute most of the fear to GPU lending rather ...

One framework, from macro view to position.

The USD-oil correlation reached a record high this year, confirming that energy shocks now reinforce dollar strength rather than weigh on it, arguing for overweighing USD against energy-importing ...

Most investors would argue that Europe overregulates relative to the US. However, that was not always the case. Political Scientist David Vogel of University of California, Berkeley, posited that the ...

China's investment downshift is structural, and Beijing will have to respond to it by turning toward household demand. Our Chart Of The Week comes from Jing Sima, Chief China Strategist. China's ...

The UK government's new first-time-buyer scheme should support homebuilders even as high mortgage rates continue to constrain the broader housing market. Your First Home will allow eligible buyers in ...

Our FX strategists turn tactically constructive on the dollar, as a widening real-rate gap, resilient US data, and supportive seasonality tilt near-term risks toward dollar strength. The global ...

Regional Fed manufacturing surveys cooled in September but still point to solid growth. With today's Dallas Fed release, all five manufacturing surveys are in for September, and four of the five ...

MacroQuant recommends an underweight to equities and bonds, counterbalanced by a significant overweight to cash. The model is very bullish on the US dollar, slightly negative on gold and copper, and ...

September's Conference Board Consumer Confidence Index fell sharply to 81.9 from 88.6, the lowest since 2014 and well below the 89 consensus, highlighting rising risks to US consumer and reinforcing ...