AXA Investment Managers reposted this
Good morning. Please find attached my new Macrocast (and the last one before our summer recess). The US economy is starting to struggle – even if we think the softness in the latest payroll should not be overstated. The market is reacting hard, with in addition a fading “Trump trade”. The “bad winds” from America will matter of course for policy makers everywhere, making in particular the BOJ’s latest move even bolder.