The May 2022 edition of Numera’s Global Macro Strategist focuses on the US dollar, up 5% this past month in response to rising global financial stress. We present our views on the dollar against all major currencies, and explore the impact of a rising USD on global financial markets..
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.
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.
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 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.
The December 2021 edition of Numera’s Global Macro Strategist offers a roadmap to navigate global financial markets in 2022. We first present our key macro predictions for next year, and then discuss how to adapt portfolios to a less favourable global landscape..
The November 2021 edition of Numera’s Global Macro Strategist explores the case for an increased EM exposure in global portfolios in 2022. Although EM assets are trading at a discount, we find global and domestic macro forces weaken the relative appeal of most EM investments.
The August 2021 edition of Numera’s Global Macro Monitor discusses the factors behind China’s ongoing equity market sell-off. We explore the impact of macro forces and antitrust legislation on recent market performance, and evaluate the attractiveness of CN equity investments over the coming year.
The July 2021 edition of Numera’s Global Macro Monitor focuses on LatAm stocks, which continue to underperform despite exceptional international conditions. We explore the factors currently weighing on returns, and evaluate the attractiveness of new investments over the coming year.