macro views

After a prolonged period of relative underperformance, could emerging-market equities be set for a renaissance?

We analyze the prospects for bond markets in 2023.

We assess the prospects for UK government bonds

In the latest Double Take, we examine the investment implications of the continuing energy crisis enveloping the UK.

We examine how the Russian leader’s actions have affected the market’s risk premium and what might happen next.

We analyze potential consequences of new UK fiscal and monetary policy for UK bonds and the wider economy.

We investigate the rapidly evolving world of cryptocurrency compliance as financial institutions plan to expand into digital assets.

As the US legal landscape evolves, we explore the many opportunities and unique challenges of selling marijuana products.

We analyze how diverging economies can create opportunities for bond investors with a global mindset.

Why the integration and disclosure of people with disabilities in workplaces displays good values and is economically practical.

We discuss the evolving state of diversity, human capital management, and disclosure at public companies.

Why deglobalization and supply shortages are leading to greater government intervention.

We investigate the trend of deglobalization and explore why some manufacturers are bringing operations back home.

We examine the conditions that have led to increasingly high levels of inflation.

We examine how the theme of divergence is creating opportunities for global bond investors in the US market.

We discuss how our global equity specialists are managing the volatility of today’s market landscape.

We discuss the potential of nuclear energy and how it may fit into the global energy transition.

Empirical evidence shows gold may not be a reliable inflation hedge.

We investigate how big tech companies are mining personal data, and how regulators and lawmakers are responding.

We examine the long-term global structural impacts of the Ukraine war and Russia’s pariah status.

Conventional wisdom says that traditional stock and bond investments typically perform poorly during inflation episodes.

We assess the possible investment implications of Russia’s invasion of Ukraine.

We assess what the Fed’s latest monetary-policy signaling could mean for bond markets.

Why we believe the post-Covid recovery will be different from the post-financial crisis period.

We unpick the cozy consensus on inflation

With protectionist measures on the increase globally, we discuss some of the opportunities and risks for investors.

Will inflation finally re-emerge in a post-pandemic recovery, and how can a balanced portfolio prepare for it?

As policy intervention ratchets up to new levels in response to Covid-19, what are the implications for investors?

We discuss the outlook for the precious metal.

Could the US election outcome and hopes of an imminent Covid-19 vaccine keep markets trending upwards?

We assess the implications of Joe Biden’s US presidential election victory.

We discuss how bond markets have responded to the US election.

There are significant risks on the horizon, but we believe opportunities are emerging.

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

We provide our macro outlook for the second half of 2020.

We assess how US-dollar strength will affect the global economy as it starts to recover from the pandemic.

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

We assess the potential impact of an unprecedented US fiscal stimulus package on markets.

We analyze the impact of Covid-19 on global bond markets in anticipation of the next stage.

Coronavirus-induced volatility continues to plague markets, but are there some tentative early signs of recovery?

How does the spread of coronavirus affect the global investment outlook?

How the spending pledges from the two main British political parties could affect the UK's bond markets.

Does recent Federal Reserve activity hint at what lies ahead for US monetary policy?

Our dynamic thematic framework helps identify structural growth opportunities created by rapid urbanization.

Emerging-market governments and companies are attaching increasing importance to environmental, social and governance considerations.

What could Boris Johnson’s appointment as UK prime minister mean for bond and currency markets, and Brexit strategy?

With financial markets threatening to bounce the Fed into a fresh easing cycle, we give our perspective.

The global liquidity party remains very much in evidence, despite the Norwegian central bank’s latest rate hike.

Major demographic shifts will have pronounced implications for economies and investors.

As tariffs are hiked again, where does the US-China trade war go from here?

Modern Monetary Theory is gaining traction among policymakers, but what are the possible consequences for investors and markets?

Political uncertainty could create short-term instability for Spanish bond spreads, but will it last?

A new ‘post-globalization’ era may have major implications for investors.

With consumer price inflation remaining subdued despite extreme monetary policies, should investors still worry about inflation risk?

What are the investment implications of the World Bank’s key charts of 2018?

Amid another tumultuous week, the outcome of the UK’s Brexit negotiations look even murkier.

As the bond-market cycle clock ticks on, we offer our outlook for 2019.

We assess the prospects for global equities in 2019.

With a decade of financial excess now behind us, the risks appear skewed to the downside.

The UK prime minister’s emphatic Brexit vote loss last night raises more questions than it answers.

Trade confrontations may dominate the headlines, but deeper structural concerns are driving market movements.

A continuing budget dispute is leading to renewed speculation over an Italian exit from the European Union.

Can the U.S. equity market continue its stellar performance into 2019?

Are Turkey’s travails a precursor of worse to come for the global financial system as quantitative tightening starts…

China recently signaled a shift towards short-term economic growth by loosening monetary policy. Will this stimulate global reflation?

How U.S. monetary policy affects different sectors of the bond market at different times

Everything you wanted to know about Brexit…but were afraid to ask.

We evaluate the current inflationary backdrop through the lens of our ‘fire risks’ investment theme.

Improvements sparked by the advent of the plough help to inform our view that trade wars produce no…

With the FIFA World Cup fast approaching, can Russia sustain an economic recovery after its deep recession?

What are the consequences of the increase in short-term contracts and freelance work for inflation and bond markets?

Analyzing the investment landscape against a backdrop of rising interest rates.

A global trade war could fuel rising inflation and renewed volatility.

Why we think this cycle has a significant chance of ending with a bang rather than a whimper.

While many argue against the current economic cycle being a rerun of the last, we beg to differ.

Have we seen an extended cyclical bull market or sustainable secular expansion?

The structural growth story in global Chinese tourism could run for decades.

What lies ahead for global equity markets in 2018?

Where are opportunities for flexible fixed-income investors likely to arise in 2018?

Blockchain technology could revolutionize financial services.

Is it time for central banks to disregard CPI as a guide for determining monetary policy?

Has a long-held central-bank assumption on what triggers inflation become obsolete?