Strategy Chartbook

This report argues that the AI boom is fueling US inflation while warning against JPY-funded carry trades. It highlights a structural rotation of Chinese household savings into equity markets.

Key Takeaways

• 1.AI-related supply chain pressures are contributing to US inflation and producer prices.
• 2.JPY-funded EM FX carry trades are considered risky due to extreme short positioning and hawkish BoJ stance.
• 3.Chinese household savings are rotating into equities, creating a potential structural tailwind.

Table of Contents

• Summary – Key Points
• Macro Drivers
• Multi Asset
• Fixed Income
• Currencies
• Equities
• Alternatives

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial