Our Chart Of The Week comes from Robert Timper, strategist in our Global Fixed Income strategy team. Robert digs into Eurozone employment dynamics. January data showed that unemployment remains at record lows, but regional…
This morning’s employment report showed solid job growth, but recent consumer spending indicators are more concerning. The risk of recession starting within the next few months has increased. We suggest some important indicators for…
Colombian financial markets have rallied on the expectation that a right-wing government will be elected in 2026. We take a contrarian bearish stance on the nation's financial markets. Colombia is suffering from two…
The US economy is set to enter a recession within the next few months. Stay underweight equities and overweight cash. Look to increase fixed-income duration exposure over the coming months. The euro is likely to strengthen and…
Our Private Markets & Alternatives strategists assessed retail real estate opportunities. Retail Real Estate is a contrarian opportunity, with investor sentiment at rock-bottom levels despite shifting consumption patterns.…
After range-bound trading late last year, oil prices began the year rising to resistance levels, before falling and testing support on the downside. Oil remains caught between conflicting supply and demand risks. Increased…
The ECB cut 25 bps as expected, bringing the deposit facility rate to 2.5%. President Lagarde reiterated the disinflationary process is “well on track” and described the policy stance as “meaningfully less restrictive”, signalling…
The ECB cut rates as expected, but rising yields and a stronger euro are tightening financial conditions just as fiscal policy shifts the macro landscape. With more rate cuts ahead and market positioning stretched, we outline the key…
Our Portfolio Allocation Summary for March 2025.
In light of President Trump’s address to Congress and the ebb-and-flow of tariff announcements, our Geopolitical strategists assessed the constraints on the administration’s disruptive agenda. Trump’s ability to implement his…