DM Markets Chart Pack Markets are creaking but not (yet) breaking So far, the sell-off across bond and equity markets this year has not triggered major signs of systemic risk. If that were to change, central banks would probably have to step in to prevent a... 20th May 2022 · 8 mins read
Asset Allocation Chart Pack Stocks may lag bonds if commodities keep on surging Given that the past couple of months has seen the outbreak of war in Ukraine, surging commodity prices, growing concerns about inflation, and increasingly hawkish noises from the world’s major central... 31st March 2022 · 13 mins read
DM Markets Chart Pack Some signs of strains in markets but no panic yet In light of the growing economic and financial fallout from the war in Ukraine, this publication takes stock of the various signs of stress across the global financial system. We intend to update the... 3rd March 2022 · 9 mins read
Asset Allocation Chart Pack We doubt that 2022-23 will be as rewarding as 2021 2021 is on course to be a relatively good year for most investors. Admittedly, it has not been entirely without its casualties. Equities in China and much of Latin America, for example, have struggled... 21st December 2021 · 11 mins read
Asset Allocation Chart Pack Omicron uncertainty provides a sense of déjà vu News of the spread of the Omicron variant has put COVID-19 back at the top of many investors’ list of concerns. While on a far smaller scale, the impact on markets so far has been qualitatively... 30th November 2021 · 12 mins read
Asset Allocation Chart Pack Developments in China shake up the outlook Three key developments in China over the past month or so are worth highlighting, as they feed into our broader asset allocation forecasts for the next couple of years. First, what started as a... 16th September 2021 · 13 mins read
Asset Allocation Chart Pack Three recent trends we expect to last We expect several of the trends that have tentatively (re-)emerged in financial markets recently to persist. 12th August 2021 · 13 mins read
Asset Allocation Chart Pack Prospects for risky assets no longer seem as bright We are still anticipating an extremely rapid recovery in the global economy over the rest of this year. But even so, it has become more difficult to make the case that returns from risky assets across... 10th June 2021 · 13 mins read
Asset Allocation Chart Pack We think that rotation may leave DM REITs behind Although we forecast that that the “rotation” in equity markets generally has further to run, as COVID-19 is contained and economies re-open, we project that developed market (DM) Real Estate... 6th May 2021 · 13 mins read
Asset Allocation Chart Pack Rotation in equity markets may have further to run While equity markets came under pressure towards the end of the month, they generally weathered February’s roughly 30bp rise in the 10-year US TIPS yield quite well, with most major indices still... 2nd March 2021 · 13 mins read
Asset Allocation Chart Pack Putting the wave of speculation into context Extreme speculative movements in the prices of a handful of stocks and of silver have generated a lot of headlines over the past month. But those surges have not been reflected in the performance of... 2nd February 2021 · 13 mins read
Asset Allocation Chart Pack Reflation, rotation and risks Good news about progress on coronavirus vaccines in the past month has started, or fuelled, a number of trends which we broadly expect to last through 2021, as those vaccines help the global economy... 2nd December 2020 · 12 mins read
Asset Allocation Chart Pack Latam & EMEA Equities may continue to outperform As investors have digested the prospect of an effective vaccine against COVID-19, many of the patterns in financial markets which have been a feature during the pandemic have started to unwind. One... 16th November 2020 · 13 mins read
Asset Allocation Chart Pack Energy commodities could outperform US equities The two asset classes that we track which have seen by far the most action since the last edition of the Asset Allocation Chart Book on 5th August are US equities and energy commodities. Not only have... 10th September 2020 · 12 mins read
Asset Allocation Chart Pack Hunt for yield could continue to underpin risky assets The broad-based recovery in “risky” assets that got underway on 23rd March has run out of steam since 8th June. That is not because policy support has been dialled back. Instead, it appears to reflect... 5th August 2020 · 11 mins read
Asset Allocation Chart Pack Policy support likely to keep risky assets on top “Risky” assets have comfortably outperformed “safe” ones over the past month, even as evidence of the scale of the economic damage caused by the coronavirus outbreak has continued to mount. We suspect... 4th June 2020 · 11 mins read