9/06/2022 Economy & Markets Shifts & Narratives #20 - Stagflation and its roots in capit... Understanding how the misallocation of capital in the last macro-financial regime laid the foundations for the prospect of stagflation today.
3/06/2022 Equity A look under the surface of the first quarter earnings seaso... The excellent results of the first quarter also conceal weaknesses.
3/06/2022 Economy & Markets Only innovation in fiscal and monetary rules will make the E... As crises unfold, structural and governance issues tend to become more and more important.
3/06/2022 Economy & Markets Market Scenarios and Risks - June 2022 We keep the probabilities of our central and alternative scenario unchanged versus last month but amend the narrative to take into account the evolving...
3/06/2022 Economy & Markets Macroeconomic Picture - June 2022 Macroeconomic Picture by area and Macro and Market forecast.
3/06/2022 Fixed Income & FX JPY: Structurally weak, cyclically blessed Structural headwinds are strong for the yen, setting a fundamental background for the currency to stay weak.
2/06/2022 Cross Asset Research Cross Asset Investment Strategy - June 2022 Find the latest edition of our Research team's monthly publication.
2/06/2022 Economy & Markets The myth of the fiscal free lunch: beware of the trap. An in... Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
2/06/2022 Economy & Markets Shifts & Narratives #19 - The fiscal illusion: no free lunch... Understanding why the idea of the fiscal 'free lunch' is an illusion while global debt remains at record highs, and moving into a more fragmented world.
2/06/2022 Portfolio Strategy Shifts & Narratives #18 - The power of narratives for invest... Our analysis suggests that narratives complement traditional macro variables when it comes to explaining financial market behaviour.