Macro

Find the latest macro analysis and insights

The interventionist maths: higher JPY + lower UST = weaker USD
  • 24 Aug 2026

Bessent flags more long-end UST intervention; Iran's tone turns pragmatic. Ratings skew positive: Pakistan to B3, Kazakhstan to BBB, Poland A- negative. Egypt holds at 19%; South Africa CPI eases t...

Thoughts on the US/Canada Trade Situation
  • 24 Aug 2026

The direct economic impact of the new Section 338 tariffs is manageable given they currently affect only ~5% of Canadian exports to the U.S.

Tariffs take centre stage...again
  • 24 Aug 2026

What’s next for Canada and the United States now that trade talks have broken off?

Take Two: US debt tops...
  • 24 Aug 2026

What do you need to know? US national debt hit a record $40 trillion last week as the Treasury announced...

From the US Market Desk: Operation Twist
  • 24 Aug 2026

Get ready each week with high-conviction insights that go beyond media headlines.

Are US Micro-Caps the Market’s Best Kept Secret?
  • 24 Aug 2026

Royce Investment Partners: Even with a triple-digit positive return off the April 2025 low, many investors seem unaware of this target-rich, broad, and diverse subset of the small-cap universe.

The competition for capital in an AI world
  • 24 Aug 2026

Global macro musings by Laura Cooper

Liquidity Lowdown: the case for floating rate securities
  • 24 Aug 2026

Royal London Asset Management is one of the UK’s leading investment companies, managing assets on behalf of a wide range of institutional and wholesale clients in the UK and internationally.

Active portfolios face a leadership test
  • 23 Aug 2026

The gap between top- and bottom-decile US large-cap active managers is near a two-decade high as portfolio positioning becomes increasingly consequential