By Warren C. Smith, MRB – The Macro Research Board The rebound in risk assets since mid-February should persist as investors slowly unwind their fears of a recession. Sentiment is still fragile and economic activity will be slow to improve (and choppy), but it is becoming clear that the markets significantly overreacted to weak […] Read more »
Low Oil Prices: A Supply, Not A Demand Issue
By Peter Perkins and Phillip Colmar, MRB – The Macro Research Board The collapse in oil prices is being driven primarily by supply rather than demand factors. The decline in oil prices over 2014 and 2015 coincided with a massive increase in crude oil inventories. It is also important to note that global oil […] Read more »