Recent Newsletters

Latest Newsletter
  1. Investing in an energy crisis; a double play

    The Russia/Ukraine war has turbocharged what was already a worsening energy supply demand imbalance that had emerged in late 2021. For investors, in terms of picking winners from this ongoing energy crisis, they can assess opportunities in two contexts. Firstly through the context of conventional oil and gas equities, and secondly through the fast-tracked emergence […]

  2. Is Evergrande China’s Lehman Brothers?

    In this week’s Macro Briefing we focus on the rapidly evolving events around the Chinese property development company, Evergrande, which according to multiple reports is on the verge of collapse. This won’t come as a major surprise, the day of reckoning has been bubbling away for quite a few years now, but it is only […]

  3. Monday, September 13th

    In today’s macro briefing we highlight the rising prospects of ”rapid tapering” from the Federal Reserve, with Goldman Sachs now placing a 70% probability of a November announcement following recent media reports that Fed planning is at a very developed stage. Dave Rosenberg dissects the “Ten market rules to remember”  published by Wall Street luminary […]

  4. Friday August 13th

    In today’s Macro Briefing Cornerstone Macro warns against taking TIPS yields as good proxies for the growth outlook, MRB Partners sets out why the bar for outperformance from growth stocks is high and why the best opportunities for outperformance lie in select cyclical sectors such as financials and Rosenberg Research identifies the coming wave of […]

  5. Friday, August 6th

    In today’s Macro Briefing MI2 Partners gives its outlook for the macro economy in the third quarter, explaining why inflation is set to shock the Fed once again, a view shared by Trahan Macro Research who argue the Fed is has fallen into the trap of an anchoring bias. Meanwhile, MRB disputes what it calls […]

  6. Saturday, May 22nd

    How long does something have to hang around to stop being transient? That is the big question when it comes to the Fed, inflation and global asset markets. In today’s Macro Briefing 4X Global Research explains why it thinks the market has it right in dismissing short-term inflation concerns, arguing why the Fed will not […]

  7. Saturday, April 24th

    In this week’s Macro Briefing we focus on the increasing rush to launch central bank digital currencies (CBDCs). As RenMac explains not only are central banks stepping up so as not to open a void that could be filled by private issuers, it is also important for countries not to be outflanked in an e-currency […]

  8. Friday, March 26

    Bond yields are on the rise and they aren’t going to stop until the Fed has finished tightening. That is the view of Trahan Macro Research which in this week’s Macro Briefing sets out why Fed tightening is a matter of when and not if and why short duration stocks are going to benefit in […]

  9. Friday, March 12

    The big question for investors is whether rising yields are a warning sign that reflation could turn into inflation that has the potential to prompt tightening that could cut off the recovery; or just another step along the road towards that recovery. To that end, in today’s Macro Briefing, TS Lombard explains what it takes […]

  10. Wednesday, Feb 16

    Some of the big beasts of the economic world have been questioning the extent of the output gap and the likely implications of massive fiscal stimulus on inflation – you can view the debate between Larry Summers and Paul Krugman here.  In today’s Macro Briefing, we take a closer look, with Unicredit explaining why it […]