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.
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.
The February 2022 edition of Numera’s Global Macro Strategist edition focuses on the Russia-Ukraine conflict, a key source of uncertainty for the global investment outlook. We explore spillover effects on financial markets, and offer suggestions to maximize returns in a context of elevated geopolitical risk.
The January 2022 edition of our US Macro Stategist explores the factors behind the ongoing stock market sell-off, and the likelihood of a lengthy correction. Given low recession risk, investors should retain a high equity exposure, but rotate away from tech as rising yields compress valuations.
The January 2022 edition of Numera’s Global Macro Strategist focuses on Europe. After a more than a decade of underperformance, we believe that investments in the region are poised to outperform in 2022, benefiting from strong growth, dovish ECB policy and attractive valuations.