Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.
More 5 to 10 minutesUnderstanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
More > 10 minutesUnderstanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
More > 10 minutesNarratives have been around for a long time but their impact on financial markets has not been fully exploited. Our analysis suggests that narratives complement traditional macro variables when it comes to explaining financial market behaviour.
More > 10 minutesDealing with the changes driven by the energy transition requires a complete rethinking of asset class returns forecasting and brings major implications for investors. In the piece we address the key themes for investors driven by the energy on a 10 and 30 years horizon and the implications on the strategic asset allocation and the asset classes that will be favoured.
More > 10 minutesInterpretation on the view that the Fed is "behind the curve" from Fed official and investment implications associated with the statement.
More 5 to 10 minutesThe presentation provides insights into how the current war/energy crisis is exacerbating the already high inflation. The material also details what strategies investors can implement to protect their portfolios from inflation.
More 5 to 10 minutesUnderstanding the dynamics of inflation and how the psychology of inflation can make it more permanent than expected
More > 10 minutesIn this research, we show that variables from the Global Database of Events, Language and Tone (GDELT) convey significant informational content that can improve on a purely macroeconomic approach when modeling the US equity market.
More > 10 minutes