News Summary:
On May 2, 2026, Smartkarma's daily macro briefing, "HEW: Are Rates Ready Yet?", addressed global rate decisions, noting that signals about readiness to raise rates largely remained "tough talk rather than action," and covered Colombia's surprise refusal to hike base oils and lubricants. Previously, on April 26, an "Overview #57 – Plus Ça Change…" briefing reviewed recent events and data impacting investment themes and outlook, with company results supporting the general outlook. On April 24, a briefing titled "Gold: The Floor Is Clear" highlighted weakness as an opportunity, discussed global FX (cease-fire the dollar, DM/EM FX impact), an IMF round-up, and global commodities experiencing price relief, alongside BSP's surprisingly early hiking. Earlier, on April 23, a daily macro briefing focused on the UK, titled "Refuelling Inflation Excess," alongside an analysis of gas prices hitting US consumers and unraveling the market rally, also mentioning India's tire sector accelerating into a new investment cycle. This followed an April 19 briefing, "CHARTING COURSE: Tariffs; Here Today Gone Tomorrow," which highlighted that the US government would begin refunding some of the $166 billion in tariffs illegally collected since Liberation Day last year, and discussed Buy Now Pay Later (BNPL) feeding subprime consumers.
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