Global money update: cooler despite US
September 4, 2026
Money trends suggest that global economic momentum is peaking in Q3, with downside risk focused on Europe and Japan.
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Eurozone money update: French weakness
August 27, 2026
Monetary trends continue to suggest coming economic disappointment.
US money update: more strength
August 26, 2026
Monetary trends continue to suggest too-loose policy.
Japanese money update: further weakness
August 20, 2026
Rising QT and f/x intervention are intensifying a monetary squeeze.
AI reflexivity and EM rotation
August 18, 2026
The AI bulls are tested by a huge momentum unwind through July despite fundamentals accelerating. Meanwhile, there are signs that the rally in emerging markets is starting to broaden out despite a challenging macro backdrop.
More UK stop-go
August 13, 2026
Money trends signalled better H1 economic growth but now suggest renewed weakness.
Global money update: US lift
August 7, 2026
US monetary acceleration has tempered an earlier signal of a H2 global economic slowdown.
Taking stock of EM performance
July 31, 2026
India has fallen out of favour with emerging market investors as attention has shifted to North Asian technology stocks.
US money update: further acceleration
July 29, 2026
Monetary buoyancy puts Fed Chair Warsh in a bind.
Eurozone money update: signal still downbeat
July 28, 2026
Monetary trends suggest that recent PMI improvement will prove temporary.
China beyond the headlines
July 22, 2026
Reassessing China’s risk for EM investors.
A cynical view of central bank money-speak
July 22, 2026
References to money trends in Fed and Bank of England reports represent tokenism, with no implications for policy.
BPM speaks with Michael Mortimore about China’s challenges and opportunities
July 20, 2026
Reassessing China’s risk for EM investors.
Japan’s QT disaster
July 9, 2026
The BoJ’s bond disposals are crushing money growth, threatening a return to deflation.
A “monetarist” perspective on current equity markets
July 2, 2026
The monetary backdrop for markets has become less favourable, while a pick-up in US money growth suggests rising medium-term inflation risks.
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:
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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