US federal reserve

Views on US equities seem to neatly fall into two camps.

Negative yields unlikely

In the developed world, inflation expectation is noise

Global bond yields continue to crash through zero

Warning signs in US data

'Massive dispersions' between equity market returns

Global economic cycle is among the longest in history

Dovish shift in Fed policy as economic data deteriorates

Fed moves, polarised politics and a "tech cold war"

Opportunity in high yield laggards