Our Portfolio Allocation Summary for January 2025.
This is the time of the year when strategists are busy sending out their annual outlooks. Here on the Global Investment Strategy team, we decided to go one step further. Rather than pontificating about what could happen in 2025, we…
We update our inflation forecast following this morning’s CPI release, concluding that TIPS breakeven inflation rates have room to fall.
Our Portfolio Allocation Summary for November 2024.
We give our thoughts on this morning’s CPI release and (lack of) market reaction. We also close our short position in January 2025 fed funds futures.
Our Q3 portfolio was defensive, which we believe will be the appropriate stance in the next six-to-twelve months. Data coming out of the US has remained robust which could cause US bond yields to temporarily overshoot. An overshoot…
Our Portfolio Allocation Summary for October 2024.
Our Portfolio Allocation Summary for September 2024.
Our Portfolio Allocation Summary for August 2024.