We just published our "Market Cycle Guidebook" for June, which is a key part of our institutional investment research service.
The monthly Market Cycle Guidebook is designed to be a practical tactical asset allocation guidebook for global multi-asset investors. It focuses on illuminating the key drivers of risk and return across a global multi-asset universe, with the intention of generating actionable conclusions and meaningful insights for medium-term active asset allocation decisions.
Key features of the Market Cycle Guidebook: -Front page snapshot summary on the global economic cycle, monetary policy, and valuations -Market performance snapshot & commentary /highlights -Summary views across asset classes (short and medium term); basically an "AA cheat sheet"
-TAA/DAA guide visually mapping those views -Monthly updated Capital Market Assumptions -And of course, over 70 charts illuminating the key medium-term drivers of risk and return across a global multi-asset universe
-Australia/New Zealand appendix (since we're down this part of the world!)
Some of the key takeaways from the latest edition:
The macro/market cycle progresses...
-The theme of dispersion made itself known in June
--big divergence of return experience across asset classes
--global monetary policy pivot clearly getting underway
---central banks going from suppressors of volatility to sources of volatility
-Global recovery remains intact as massive stimulus adds fuel to reopening
--backlogs/shortages have become worse
---inflation pressures are intensifying and spare capacity is evaporating
--divergence in economic confidence based on resurgence
---recovery well on track, but some clear evident risks lurking
-Anticipate that the coming months/quarters/years will reward those who take a more nuanced approach to active asset allocation as macro transitions and market rotations bring risks and opportunities
--June and YTD asset class performance provides a glimpse of this
-Remain overweight growth assets vs defensive assets
--longer cycle is still in play; favoring growth assets
--but increasingly focused on short-term risk signals and cycle map
--paying closer attention to old reliable signposts for the macro/market cycle
The report is designed for active asset allocators, and professional investors who require top-down input in their investment process.
If you are interested in learning more, I suggest you get set up for a trial today and we will forward through a copy of the Market Cycle Guidebook and some of our other recent reports.
If you have any questions or requests, just get in contact.
Head of Research and Founder
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About the Service:
Our institutional service caters to multi-asset portfolio managers and investment professionals. The service comprises a set of reports (2 weekly, 1 monthly, 1 quarterly) and personalized service to help make the portfolio managers' job easier. With the service we deliver a flow of investment ideas, risk management input, and meaningful macro insights.
Our Head of Research and founder spent his career on the buy-side, and our reports reflect that perspective with a clear "so what?" focus rather than research for research sake. The reports are punchy and chart/fact focused, and are easy to read both in terms of speed and understanding: so clients often end up saving time and getting better insights. So if you're looking for a dedicated and specialist service to help you deliver excellent returns for your clients, give us a try.
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