Weekly Bottom Line
• Iran signaled a reopening of the Strait of Hormuz amid a fragile ceasefire, easing oil prices and lifting markets, though evidence of a full normalization in shipping remained limited.• Retail sales rose sharply in March, boosted by higher gasoline prices but also supported by solid underlying volumes, pointing to continued consumer resilience.• Business surveys […]
American Industrial Renaissance: Fact or Fiction?
The “American Industrial Renaissance” is an investment theme investors and allocators alike have probably been pitched several times, or at the very least heard about. Supply chains for manufactured goods have evolved to become more complex, while U.S. manufacturing employment as a share of total employment has steadily declined, leaving policy makers to grapple with […]