What happened?

Macro Strategies, Brexit Beat

In China, pork prices are up 70% (!) year over year. A swine fever outbreak has crippled the pork..

Macro Strategies, Emerging Markets, Trade

What happened?

Macro Strategies, Brexit Beat

The United States and China surprised me with their announcement of a small “phase one” trade deal..

Macro Strategies, Trade

Investors seem skittish about the balance of risks in financial markets. On the one hand, we expect..

Macro Strategies, Market Outlook

The fact that US trade with China has declined shouldn’t be a surprise. But how bad is the damage?

Macro Strategies, Friday Fact, Trade