海外研报

The Structured Credit Trader No end to amend and extend

n Despite the rally across spread products, Freddie Ksenior tranches have lagged and now appear cheap vs.

Post 2Q24: Q224 Retail +18% cFX - Prada robust and Miu Miu acceleratio

H124 Sales +3% ahead of VA Consensus; EBIT 4% ahead:Ongoing outperformance in 2Q24 retail sales +18% (no

EM easing cycle to widen out

Macro focus: Diminishing US growth exceptionalism and the Fed’s articulation that the start of the easing cycle is imminent should relax the constraints on EM

Global equities, up 2.4% in August, are making new highs

Global equities gained 0.3% last week, with Japanoutperforming (Exhibit 1). Equity markets are making newhighs (Exhibit 2) while our bear market indicator is back at

JPM_US Industrials Commentary_20240910

BA: Latest on Pot'l for Strike (Unlon Pres Comments) + BA Further Delaying Supplkers 737 MAX Output by another 6months - we will get ollicial monthly deliveries for August at 1la ET

GS--Disappointing guidance overshadows core business strength - F3Q24 Results

We reiterate our Buy rating and our $640 price target followingAdobe’s F3Q24 earnings. Despite outperforming Consensus on DM

GS--Aerospace & Defense_ 3Q24 earnings preview

Our 3Q24 A&D earnings preview provides our current thoughts on each sub-marketand single stock ideas into the results period. Aerospace OE is challenged by the

BofA_Global Economic Weekly Not so fast (vol II)_20241011

Last week, stronger-than-expected US payrolls led the market to once again reprice the

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