Gravity wins in the end
Traditional macro indicators are pointing to a relapse in Europe – but the situation in the US is also fragile.
Six months home
The last six months have seen amazing returns from financial markets.
September Global Macro Monthly & Investment Strategy - Biden his time
The US has seen fewer new virus cases since its summer peak, but the virus is rising sharply in some European countries and across emerging markets more broadly
Monthly Op-Ed - Focus on the swoosh or the push?
The recent dataflow is consistent with our base case: the world’s economy is not experiencing a “V-shape” recovery, but rather is following a “swoosh” trajectory in which after an initial spectacular ...
The world’s factory in COVID-19: Can China secure its supply chain kingdom?
The Chinese economy has faced dramatic challenges over the past two years. The US/China trade war and the COVID-19 pandemic have delivered short-term shocks and left lingering long-term questions una ...
Risk-free yields and curves are range-bound and will remain so as central banks strengthen their resolve to encourage a rise in inflation.
Why short duration Asian bonds could be a flexible and well-timed play on market uncertainty?
Specific and Limited Bearishness
Politics in the US and the UK are contributing to market moves. Uncertainty over US election outcomes is growing, and the stock market seems to be going through a pattern that has been seen in previo ...
COVID-19 has shaken up high yield and put opportunities on the table
The asset class is always prepared for a crisis, but the uneven impact of the virus means fundamental credit analysis is more important than ever