Asset Allocation
October Signals: Bonds Seek a Bottom as Technology Gives Way to Defensives
Bond markets are attempting to form a bottom, technology is giving way to defensive sectors, and energy is split between a strengthening natural gas market and an uncertain oil outlook. Let’s look at the most interesting signals emerging from our [+]
July 2026 Signal Map: Value advances, technology lags behind
July opens with the slowdown quadrant in the lead (50% probability, against 30% for expansion) — a change of state from the 55.6% expansion reading at the end of May. Beneath the surface, quality and cyclical sectors are gaining ground [+]
Asset Allocation: May 2026 Investment Ideas
The May Outlook identifies a risk-on regime with persistent inflation and no near-term room for monetary easing: a context in which growth holds but the cost of money does not come down. The common thread running through this month’s tactical [+]
Asset Allocation: April 2026 Investment Ideas
In the April 2026 outlook, we highlighted how the central question markets are asking is the degree of transience of the ongoing energy shock. In our asset allocation ideas for April 2026, we attempt to translate the possible answers into [+]