Bond weakness to continue
All Posts By

Numera Analytics

Apr 26

Bond weakness to continue

By Articles
The April 2022 edition of our US Macro Stategist focuses on the US bond market outlook as the Fed reduces liquidity support. We evaluate the attractiveness of sovereign debt as a macro hedge, assess duration plays, and evaluate the relative appeal of inflation-linked vs. nominal bonds.
Read More
Apr 19

The Beijing policy putt

By Articles
The April 2022 edition of Numera’s Global Macro Strategist focuses on China, discussing the growth implications of Beijing’s Zero-COVID policy and increased fiscal and monetary support. In addition, we investigate whether Chinese stocks are gaining appeal after declining nearly 50% this past year.
Read More
Apr 14

Central banks turn hawkish

By Articles
The April 2022 edition of Numera Analytics' Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, and our latest country and regional views on growth, inflation and exchange rates.
Read More
Apr 04

Gold’s time to shine

By Articles
The April 2022 edition of our Commodity Market Outlook focuses on gold, an asset class that is gaining considerable interest in a context of elevated inflation and geopolitical risks. As usual, we also offer an update on our latest views on broad commodity markets.
Read More
Mar 24

Not that 70s show

By Articles
The March 2022 edition of our US Macro Stategist focuses on the impact of rising oil prices and Fed tightening on the US economy and stock/bond portfolios. While both factors will dent growth prospects, we believe that fears of 1970s-type stagflation remain overstated, favouring risky assets.
Read More
Mar 17

The Russian oil roller coaster

By Articles
The March 2022 edition of our Commodity Market Outlook focuses on crude oil, covering recent market developments and our pricing outlook over the coming year. As usual, we also provide an update on our latest views on broad commodity markets.
Read More
Mar 15

How much risk is priced in?

By Articles
The March 2022 edition of Numera’s Global Macro Strategist edition edition focuses on the global investment implications of the Russia-Ukraine war. We discuss the immediate and longer-term impact of the war on global growth, inflation and monetary policy, and on the global equity outlook.
Read More
Mar 08

Sanctions dent growth

By Articles
The March 2022 edition of Numera Analytics' Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, and our latest country and regional views on growth, inflation and currencies.
Read More
Mar 01

Fed wants to avoid repeat of 1970s

By Articles
The February 2022 edition of our US Macro Stategist focuses on two key sources of risk to the US equity outlook: a lengthy Fed tightening cycle, and a speculative spike in oil prices. We explore the implications of both shocks on recession risk, and the probability of a ‘bear’ market.
Read More
Feb 17

Commodities to outperform in 2022

By Articles
The February 2022 edition of our Commodity Market Outlook focuses on industrial metals, covering recent market developments and our pricing outlook for copper and iron ore for 2022 and 2023. As usual, we also provide an update on our latest views on broad commodity markets.
Read More