49 insights found
22 January 2020
January Investment Strategy - Reining in animal spirits
The world economy is breathing better but is not ready for a sprint.
17 December 2019
December Investment Strategy - It is getting (a bit) clearer
Good news on two major headwinds which defined 2019: trade war, and Brexit.
23 October 2019
October Investment Strategy - Re-balance sheet policy
With some progress on the trade war and Brexit, some tail risks are receding. But we are far from resolution.
25 September 2019
Yields through the looking glass
For a euro-based investor, 70% of global fixed income is now negative-yielding – unprecedented for institutional investors.
24 July 2019
July Investment Strategy - Prevent horizon: US sidesteps recession for now
The US economic slowdown remains modest – the world’s largest economy looks set to avoid a recession in the next 12 months, thanks to the Fed’s monetary easing
21 June 2019
June Investment Strategy: This war talk’s spoiling all the fun
The US economy is still strong, whereas the Eurozone shows weakening signs
21 May 2019
May Investment Strategy: Dealing with the governments we deserve
US-China tensions are back with a new round of tariff increases and threats of further escalation
25 April 2019
April Investment Strategy: China in a bull shop
With the “policy put” in place (dovish US Federal Reserve and European Central Bank, fiscal stimulus in China and Eurozone), we have been waiting for signs of a cyclical upswing… getting us to focus ...
22 March 2019
March Investment Strategy: Liquidity: The tide is high as central banks hold on
From the European Central Bank’s tiny steps to the US Federal Reserve’s balance sheet policy, the liquidity tide is high.