The March 2021 edition of Numera’s US Macro Monitor explores the factors behind the surge in long-term Treasury yields and its implications for US investment strategy. We find that the increase primarily reflects stronger growth prospects, which improves the relative appeal of US equity holdings.
In the March 2021 edition of Numera’s Global Macro Monitor, we discuss China’s economic outlook and the factors behind the ongoing CN equity sell-off. We find that the correction realigns stocks with macro fundamentals, which in a context of strong global growth limits tail risk on new investments. Read More
The February 2021 edition of Numera’s US Macro Monitor explores the possibility of ‘overheating’. While GDP should normalize by Q4/21, it will take longer for the job market to recover, mitigating inflationary pressures. The macro outlook favours stocks over bonds, especially ‘reopening’ sectors.
The February 2021 edition of Numera Analytics’ Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation, and exchange rates.
The January 2021 edition of Numera’s US Macro Monitor explores the growth and equity market implications of President Biden’s $1.9T stimulus proposal. We find the full package could lift real GDP by about 3.5% this year and operating earnings by as much as 15%.
The January 2021 edition of our Commodity Market Outlook focuses on base metals and iron ore, 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.
The December 2020 edition of Numera’s US Macro Monitor explores the rollout of the COVID-19 vaccine, and its impact on investor sentiment. Confidence in a swift economic recovery has caused equity prices to rise well above their ‘fair’ value, with important implications for new investments.