Going into April, MacroQuant recommends a modest underweight on stocks, offset by an overweight on bonds and cash. While MacroQuant is modestly bearish on stocks, we suspect that the downside risks to equities may be greater than…
Going into April, MacroQuant recommends a modest underweight on stocks, offset by an overweight on bonds and cash. While MacroQuant is modestly bearish on stocks, we suspect that the downside risks to equities may be greater than…
Our Private Markets & Alternatives strategists remain structurally positive but cyclically underweight on Multi-Strategy Hedge Funds. While these funds have delivered consistent alpha and valuable diversification, current market…
This week, our three screeners cover equity plays for if a US recession is not imminent, avoiding value traps, and which sectors exhibit the highest dividend payers.
Stocks will continue to struggle in the second quarter as President Trump tries to implement tariffs. Tax cuts will only temporarily dispel growth fears, if at all. Middle Eastern instability will add oil price surprises to an…
In this Second Quarter Strategy Outlook, we explore the major trends that are set to drive financial markets for the rest of 2025 and beyond.
Macro momentum is deteriorating rapidly, and we remain defensively positioned as risks build. Business and consumer confidence have fallen sharply, and while the US post-election period began with optimism, policy uncertainty has…
Our Emerging Markets strategists maintain a neutral view on Indonesia within EM equity and bond portfolios but continues to recommend shorting the rupiah versus the US dollar. They are closing their long Indonesian banks/short EM…
UK financial conditions have tightened just as economic surprises have turned negative, an uncomfortable combination that reinforces our tactical positioning. We remain overweight UK gilts within a global bond portfolio and are…
The US economy has never entered a demand-driven recession without labour demand running below labour supply and without the job vacancy rate running below the unemployment rate. Right now though, US labour demand is still running 1.…