A better way to own duration - November Macro Snapshot | Research

Agency MBS: duration with extra margin of safety
Homebuilders: at key support levels, still capital scarce
US: Where we are tracking vs 1969-70 roadmap. Labor hoarding remains headwind to profits
Eurozone: still recessionary, still disinflationary
China: money market stress
Fixed Income: dislocation = opportunity
Equities: top down bearish, bottom-up contrarian dislocations
Liquidity / Vol regime: rising “background risks”
Commodities: political risks add to supply constraints
FX: USD cyclically biased higher