Updated weekly, a rolling feed of research insights and charts you really ought to see.
Capex-heavy stocks showing signs of life
23rd JUL. 2021
While secular stagnation has weighed on capex-heavy stocks, Charles Cara argues that this is showing signs of reversal. Capex-heavy stocks could reverse their underperformance of capex-light stocks seen over the last decade.
ASR Q2 Asset Allocation Survey: Positive but a change of tone
17th JUN. 2021
Another positive Asset Allocation Survey, with Asset Allocators remaining ‘risk-on’, but the second derivative for growth and inflation has rolled over, with Inflation a key fault line among our panellists.
Funky Correlations and Missing Links from David Bowers
7th JUN. 2021
The report highlights some ‘macro to market’ relationships that inform our Asset Allocation process.
This month: The great Stock-Bond correlation conundrum - We illustrate key cross-asset cross-checks.
Rising Margins benefit Value and Quality
20th MAY. 2021
While macro indicators point to continued strength in corporate margins, there are risks from increased supply and corporate tax reforms. We would favor Value and Quality from here.
The Year of Living Dangerously
6th MAY. 2021
This quarter’s Asset Allocation document reiterates our preference for Risk assets over Defensives. While we are doubling down on our preference for Cyclicals, we trim our underweight Core Fixed Income.
Why IPOs may boom in this new Policy Regime
18th MAR. 2021
An IPO boom could signal a golden era for Global Banks and corporate finance as companies look to reverse the trend of de-equitisation and float / re-list / issue equity and pay down debt.
A Trillion dollars here or there
10th MAR. 2021
. . . Now that the fiscal outlook is clearer, consumer behavior is key.
The fiscal outlook has become clearer with the imminent passage of the American Rescue Plan, China’s recent budget announcement and the suspension of the EU fiscal rules for another year. We find ourselves upgrading our global growth forecasts to 6 1/2%.
ASR’s Ian Harnett writes the Markets Insight column in the Financial Times.
18th FEB. 2021
Absolute Strategy Research’s Co-Founder Ian Harnett discusses why expansive fiscal and monetary policies may see a 1980s-style Japanese melt-up and meltdown, in his Financial Times ‘Market Insights’ article.