Misplaced ISM optimism
March 11, 2026
A rise in the US ISM manufacturing new orders index was expected to be short-lived even before the outbreak of Gulf War III.
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Why has US bank loan growth surged?
March 4, 2026
A recent pick-up in commercial bank loan growth is unlikely to be a positive signal for economic prospects.
Surprising January monetary news
February 25, 2026
Global six-month real narrow money momentum is estimated to have rebounded from a sharp December fall to reach a new high in January.
Has the Fed’s easing window closed?
February 20, 2026
The historical Fed would be shifting to a tightening bias in response to recent economic news.
Tencent and AI gaming: Beneficiary or loser?
February 19, 2026
Investors question whether Tencent’s gaming dominance will persist in the face of AI disruption, while trade realignment creates both risks and opportunities for EM investors.
US deposit distortion confirmed
February 11, 2026
The Fed’s Public Affairs office has confirmed that a large rise in demand deposits in late 2025 reflected a reporting change.
Monetary tremors
February 6, 2026
Recent market turbulence could reflect an adverse shift in “excess” money conditions.
Fade the manufacturing bounce
February 3, 2026
An expected PMI pick-up is under way but money trends suggest another relapse from Q2.
Eurozone / UK money update: UK relative recovery
January 30, 2026
Eurozone and UK money trends have shown disappointingly small responses to policy easing.
Michael Mortimore talks TACO with Benefits and Pensions Monitor
January 28, 2026
Benefits and Pensions Monitor recently interviewed Michael for perspective on how the current US administration’s policies are affecting global markets.
US money update: mixed signals
January 28, 2026
US narrow money is growing slowly, casting doubt on expectations of economic strength.
Weaker monetary news
January 20, 2026
Early numbers suggest that global six-month real narrow money momentum fell back sharply in December.
US broad money update: low household cash ratio
January 16, 2026
The share of money holdings in household financial wealth is near the bottom of its range since the mid-2000s, with equity exposure at a post-WW2 record.
LatAm’s rightward political shift is fuelling a continent-wide bull market
January 13, 2026
Following years of economic pain brought about by loose fiscal policy under socialist leaders, a “blue wave” of fiscal conservatism is sweeping across the continent. More muscular regional foreign policy by the United States is likely to reinforce the trend.
A “monetarist” perspective on current equity markets
January 7, 2026
Global money trends appear modestly supportive but cyclical clouds are gathering.
Connor, Clark & Lunn
Financial Group Ltd.
NS Partners is an affiliate of Connor, Clark & Lunn Financial Group Ltd. (CC&L Financial Group), one of the largest private, independently held asset management firms in Canada. Together, we provide a broad range of distinct and independently managed traditional and alternative investment products and services to investors through a diverse family of affiliates.
For additional information on NS Partners Ltd, please contact:
![Jean-Philippe-Lemay, CC&L FG [504x504_03]](https://ns-partners.cclgroup.com/wp-content/uploads/sites/3/2025/06/FG_-Jean-Philippe-Lemay_504x504_03.jpg)
Jean-Philippe Lemay
Managing Director,
Head of Institutional Sales, Global
Eric Hasenauer
Senior Vice President,
Co-Head of Institutional Sales, USA
John Ricketts
Senior Vice President,
Co-Head of Institutional Sales, USA
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NS Partners Ltd.
December 6, 2021