The TIEs that Bind
Last Week: In the words of the legendary rocker Bruce Springsteen, “You can’t forsake the ties that bind”. In today’s market those “TIEs” are Trade, Interest rates, and Earnings. Trade continues to dominate the narrative, probably because President Trump is a master at controlling the story line. Global trade is a complicated issue, particularly as we have had a long period of globalization resulting in a supply chain web that is [...]