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.
Best regards,
Callum Thomas
Head of Research and Founder
>> To request a copy of the full report, subscribe, or take up a free trial, please fill in the form here.
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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