Macro

Find the latest macro analysis and insights

15 Years of Floating-Rate Discipline
  • 10 hours ago

Portfolio Manager Michael Marzouk discusses the macro signals he is watching, the case for floating-rate income, and why credit selection remains critical after 15 years of managing through changin...

Canada at a crossroads
  • 30 Jun 2026

Canada’s outlook is fragile and tied to USMCA negotiations, with widening gaps between trade‑sensitive and domestic sectors as uncertainty clears or persists.

In Credit Weekly Snapshot – The tied is high
  • 30 Jun 2026

Events in the Middle East continue to influence economic policy, with central banks revisiting future rate moves as the oil price returns to pre-conflict levels.

US banks: No stress here
  • 30 Jun 2026

Last week, the US Federal Reserve (Fed) published the results of its 2026 Dodd-Frank Act Stress Test, with all 32 large banks – including a few subsidiaries of European lenders – remaining above th...

A value-based case for today's European banks
  • 30 Jun 2026

European banks outlook: strong ROE recovery and capital rebuilding persist, yet valuations still lag US peers despite multi-year gains.

Multi-Asset Midyear Outlook: Fortitude Amid Disruption
  • 30 Jun 2026

Investors should consider designing portfolios to stay resilient and capture opportunities. Markets weathered turmoil in the first half, helped by solid earnings with signs of broadening beyond a f...

When Sticky Gets Tricky
  • 30 Jun 2026

The inflation situtation

The Weekly Brief
  • 29 Jun 2026

The Bank of England (BoE) is in a challenging position as the UK economy battles with still-sticky inflation and questions around the growth outlook. Last week’s data showed headline inflation acce...

Economics Weekly: Warsh Wants Us to Think More About the Supply Side of the Economy
  • 29 Jun 2026

In this Economics Weekly, Richard de Chazal contrasts the philosophical approaches taken by more recent Fed chairs with the approach that Kevin Warsh seems to be proposing.