Analysts Corner: 04/09/2024 – Strong US Economy Has Become the Consensus

Weekly Market Recap

A look back at the financial markets over the past week and a look ahead at key economic developments this week.

Source: JP Morgan Asset Management

Weekly Macro Recap

A look back at key macroeconomic and geopolitical developments that help us contextualize the current investing landscape.

Source: Luke Gromen, FFTT

Strong U.S. Economy Has Become the Consensus

Strong U.S. data has pulled up expectations of economic growth and inflation and put upward pressure on interest rates. That will put downward pressure on the economy, but it remains uncertain how much it will weaken the strong economy.

Source: Nordea

The Global Credit Cycle

Do global credit conditions affect local credit and business cycles? Using a large cross-section of equity and corporate bond market returns around the world, the authors construct a novel global credit factor and a global risk factor that jointly price the international equity and bond cross-section. They uncover a global credit cycle in risky asset returns and show that the global pricing of corporate credit is a fundamental factor in driving local credit conditions and real outcomes.

Source: FRBNY

2024, a Crucial Year for Artificial Intelligence

Artificial intelligence is a pivotal theme driving the digital transformation across all sectors of the global economy. As the technology continues to proliferate into new applications, 2024 is already shaping up to be a crucial year in the development of the investment opportunities that AI offers.

Source: BNP Paribas