Our round-up of what to expect in the coming week and the key events of last week. In our latest Weekly Talking Points we look at the upcoming US employment report for August out on Friday. We shine our Spotlight on the outperformance of the MSCI US Value Index over the Growth index this year. Our review section looks at the Jackson Hole speech by Fed Chair Warsh, recent economic data, mounting tariffs between the US and Canada and NVDA results. To read more please subscribe

In a new Focus report by Chief Economist John Calverley we look at the rapid growth in US profits reported for Q2 - up 20-30% year-on-year depending on which measure is used. We look at the underlying macro drivers as well as equity sector details. Fast-rising profits have actually lowered equity valuations on some measures, though they are still relatively high historically. But profits are also very high historically, in fact never higher as a percentage of GDP. For a compl