This year, we once again present our 2026 outlook as a retrospective from the future – a future in which the AI boom turned to bust.Next week, please join me for a Webcast on Wednesday, December 17 at 10:30 AM EST (3:30 PM GMT, 4:30…
MacroQuant remains tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold.
Long-term investors should own gold. The network effect that makes gold the physical ‘insurance asset’ of choice will generate long-term outperformance. But long-term investors should also own bitcoin. The network effect that makes…
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
MacroQuant is tactically overweight equities, favors an above-benchmark duration stance in fixed-income portfolios, remains bearish on the US dollar, and is bullish on gold and copper.
Markets are increasingly pricing an end to the global easing cycle, with many central banks expected to remain on hold. But uncertainty remains high, and policy surprises are likely going into 2026. This Strategy Report breaks down…
China’s Fourth Plenum outlined priorities for its 2026–2030 plan, emphasizing household consumption and technological upgrading but signaling continuity over change. The document highlights a rebalancing toward consumption as a share…
President Javier Milei’s decisive electoral victory has revitalized Argentina’s liberal reform agenda and restored investor confidence. After last month’s setback in Buenos Aires, markets feared the liberal experiment was over.…
Speculative froth has built up across all precious metals, yet gold’s structural tailwinds will allow it to weather corrections better than its peers.
The latest BIS Triennial Central Bank Survey reaffirms the US dollar’s dominance in global FX markets, highlighting the structural challenges of truly moving away from the USD-centric financial system. The survey conducted in…