Capital Market Outlook

IN THIS ISSUE

• Macro Strategy — U.S. and China: One Bed, Two Dreams, and a Case of Cold Sweats for Investors: In terms of commerce, the U.S. and China are still in bed with each other; however, both parties dream of a future more independent/divorced from each other.
  
  
• Market View — Halfway Through 2024: Assessing the Global Election Cycle: Voters across the developed and emerging worlds, from Taiwan to Russia, India to Mexico, from the U.S. to the U.K., head to the polls. Buckle in.
  
  
• Thought of the Week — A Tight Squeeze: Sticky inflation caused in part by high food prices has weighed on consumer sentiment and central bank policy.