Insights

President Trump’s inaugural speech outlined his second term agenda. The theme was that the US will become “far more exceptional” than it already is. Trump pledged to reverse America’s decline, rebalance the justice system, streamline government, protect borders, pare back inflation, restore manufact...

There is no better way to gauge the macro policies of the new US administration than being privy to President Donald Trump’s discussions with the new Treasury Secretary, Scott Bessent. While we do not have inside information, we have put the pieces of the puzzle together to help clients see the big ...

Banks have had an amazing run, and while such strong performance is unlikely to repeat, there is still oomph left in the trade thanks to a more favorable regulatory environment, stronger demand for loans, a steeper yield curve, and a strong pipeline of capital market activity. Key risks are further ...

President Trump is only the second president to have won, lost, and won again in US history, so today’s inaugural address was unlike any other since Grover Cleveland in 1893. ...

President Trump is about to be inaugurated. Investors often assume all his policies will hurt Europe, but the reality is more nuanced....

This week’s report looks at the US dollar, from the lens of one very cyclical currency – the Australian dollar. ...

We examine Treasury market valuation and look for indicators that could help us time the next peak in yields. We also update the forecasts from our Treasury yield model....

This week, our screeners cover views on Trump 2.0, defensive US equity sectors, and a pullback in Singapore equities. Our first screener aims to hedge longer term inflation risks that Trump 2.0 will likely generate, targeting US equities that are highly correlated with future inflation expectations....

Private Real Estate and Public REITs differ beyond just being liquid or illiquid. Looking through surface-level metrics uncovers valuable choices for investors. When analyzing the opportunity for today’s next dollar, Private Real Estate is more attractive....

Inauguration Day or shortly thereafter will see either a global tariff of 10% or targeted but substantial tariffs on China, Mexico, and Canada. Treasury yields will rise on tax cuts, the dollar will stay strong, yet oil will also continue to rally, causing equity volatility in the near term. ...