Longest Winning Streak of the Year for Global Equities

Momentum and bullish sentiment stage a comeback

Highlights

• Momentum and bullish sentiment stage a comeback

• Disinflation to continue as supply outpaces demand…

• … reducing corporate pricing power and wage growth

• Rate cuts are coming, but odds of a September “jumbo” cut are falling

While We Were Sleeping

Sweden just became the next central bank to cut rates, by -25 basis points to 3.5% and the gui…