Value fund managers: Let your winners run
The disposition effect, i.e. the propensity to sell winners and hang on to losers, is an all too human bias that every investor has to manage. But surely, professional fund Read More
What Really Drives Cyclical Inflation [Part 1]
Alex Barrow (Macro Ops) Inflation is one of the most important and yet least understood dynamics of the economic machine. It’s one of the Four Forces that drive long-term asset returns, these Read More
What Really Drives Cyclical Inflation [Part 2]
Alex Barrow (Macro Ops) In our previous note we broke down the main driver of cyclical inflation (credit driven demand). Today we’re going to run through how this inflationary period is historically Read More
Have The Winds Of Change Begun To Blow?
2022 has been a difficult year for financial assets with the traditional 60/40 portfolio suffering one of its worst annual performances on record. This has many investors asking whether the damage Read More
The $146 Billion Green Energy Gap
By Macro Ops The Commodity Supercycle is one of the most important themes we’ve been tracking at Macro Ops over the last year. And while there are many causes of this Read More
Powell’s New, New Mandate: Break the Fed Put
”Changing the inflation target is not something we are thinking about. And it’s not something we are going to think about thinking about under any circumstances. Our inflation target is Read More