Erik and Darius discuss our Macro team’s top 3 themes for 2Q 2018: USA #Peak Cycle; Global Divergences, Reiterated; and U.S. Dollar #Bottoming?.
* * *
Erik Townsend and Patrick Ceresna welcome Darius Dale to MacroVoices. Erik and Darius discuss:
- The U.S. growth cycle and its peak
- Considerations on inflation
- Earnings outlook for the rest of the year
- Global divergence reiterated
- Prognostications vs the reality of the markets
- China’s massive credit expansion
- One final leg in the dollar?
- USD breakdown in currency and interest differentials