Macro Outlook

The first half of 2026 validated many of the dominant market narratives entering the year — resilient growth, AI-driven investment, and supportive fiscal policy. Yet beneath strong markets, the environment has become increasingly complex, shaped by persistent inflation, elevated deficits, concentration risk, and growing debate around monetary policy, fiscal dominance, and the sustainability of the current AI and liquidity-driven cycle.

Investment Axioms: MacroEco Conditions | Corporate Fundamentals | Technical and Behavioral Analysis

INSIDE Highlights and Summary MacroEco Data Highlights MacroEco Data Timing the Bank of Japan (BOJ) and the European Central Bank (ECB) pivots; the People’s Bank of China (PBOC) stimulus Last Monday night in the Western hemisphere (Tuesday morning in Japan), the BOJ kept its short-term rate at -0.1% and the target for the 10-year Japanese Government Bond (JGB) yield at 0.0% with an upper bound of 1.0%. Interestingly, BOJ Governor Ueda made a few surprising comments that sugge

Key Points Trading Session Summary What are we doing? #PrudentInvestor #GlobalMacroMarkets

Market Pulse: Macro/Market Updates

Global Macro/Markets Notes to make sense of short-term financial markets movements in the context of hard data, facts, and reason.

This article summarizes the 1Q2023 positioning for "Global Beta Series" investment strategy

Skeptical; the devil is in the details… Week #33 is here and with it, another edition of the Global Macro/Markets Notes. As you know,...

[IR]rational? Welcome to week #32 of our “Global Macro/Markets Notes”. Here we try to make sense of short-term movements from global...

The Debate Goes On… Welcome to another edition of our “Global Macro/Markets Notes”. As we look across currencies, bonds, equities, and...

Welcome to another edition of our quarterly “Navigating Global Capital Markets”. As we enter Q3 of 2022, heavy losses have accumulated in...

Inflation, Inflation, Inflation Welcome to another edition of our “Global Macro/Markets Notes”. As we look across currencies, bonds,...

After two years of ultra-low interest rates, more than ten years of above-average bond returns and over twenty five years since the last...

Insights & Perspectives 2021 Outlook “Old and New Year – Be Bold” As we head into the first full week of the New Year, we again use this...

On Top of the Radar The inversion of the 2yr/10yr portion of the US yield curve (in other words, the yield on the 10-yr UST fell below of...

On Top of the Radar Last Friday (05/10/19), the U.S. raised the tariff rate on $200bn of imports from China from 10% to 25%, bringing...

The new year arrived with the expectation for a global economic growth deceleration, tighter U.S. monetary policy and continued US -...