Portfolio Updatessee more…

  1. Asset Allocation Update: Cash Is Safe

    Bilal Hafeez

    In 2022, we outlined our ‘everything breaks’ portfolio, which meant constantly overweighting cash above all else.

  2. Prime Trade Ideas: Prepare for a Hawkish Battle

    Ben Ford

    Bilal’s asset allocation will be updated in March. For now, the themes remain: Investors expect the Federal Reserve (Fed) to end its hiking cycle soon.

  3. Prime Trade Ideas: Positioning for Wrongly Priced Central Banks

    Ben Ford

    We consolidate our favourite biases into one, easy-to-read, weekly report! Please find the original pieces linked throughout and a summary table at the end of the document.

  1. Prime Trade Ideas: Outperform the S&P 500 as the Fed Slows

    Ben Ford

    The Federal Reserve (Fed), European Central Bank (ECB) and Bank of England (BoE) have all hiked in February. Here are our latest views to survive in what follows:

  2. Prime Trade Ideas: Our Favourite Trades to Start 2023

    Ben Ford

    We are over halfway through January and our trades continue to hold up.

  3. Asset Allocation Update: Turning Overweight Commodities and Neutral Equities

    Bilal Hafeez

    2023 has started with a positive tone. Most risk markets from equities to crypto are up, and we identify four driving themes:

Prime Trade Ideas: How to Position for 2023

Ben Ford

Bilal continued to advocate the 'everything breaks' portfolio. He now has 2023 in sight: timing will prove critical as a likely Fed pivot, China reopening and better European energy outlook feed through into markets.

Asset Allocation Update: Cash Wins 2022

Bilal Hafeez

2022 will be remembered for many things. Investors, however, will remember it as the year of the worst ever bond market performance and the first year since the late 1960s that both bonds and equities lost money.

  1. Prime Trade Ideas: Time to Turn Bullish on China?

    Ben Ford

    John unwound his retail, US infrastructure and European equity index positions. He is now up 2% against the S&P 500.

  2. Prime Trade Ideas: Portfolio Steady Despite Turbulence

    Ben Ford

    John unwound his short semiconductor trade for an oversized profit. He is now considering when to turn long (vs S&P 500).

  3. Asset Allocation Update: Interest Rate Shock Not Ending

    Bilal Hafeez

    We continue to advocate our ‘everything breaks’ portfolio. The core rationale is that we are entering a new regime of higher interest rates – something investors have not faced for a decade.

Prime Trade Ideas: How to Beat the S&P 500

Ben Ford

John launched a new framework for his US equity ETF biases. The methodology revealed that he is beating the S&P 500. You can follow him here.

Prime Trade Ideas: Profiting from Hawkish Central Banks

Ben Ford

Bilal’s asset allocation remains unchanged: overweight cash, neutral cash and commodities, and underweight equities and bonds.

  1. Asset Allocation Update: The ‘Everything Breaks’ Portfolio

    Bilal Hafeez

    When markets go through regime changes, you need to throw out the conventional ways of investing. Take a common approach – business cycle investing.

  2. Prime Trade Ideas: No Reason to Panic in Volatile Markets

    Ben Ford

    Our biases in Asia FX have registered strong returns. Now, we are making changes. We closed our bearish KRW position and turned bearish on SGD...

  3. Prime Trade Ideas: Protecting Your Portfolio in Periods of Rampant Inflation

    Ben Ford

    ‘Cash is king’ has become a favourite phrase of Bilal’s. He is yet to let it go – and for good reason. The market is finally catching up with our view that the Federal Reserve must...

Asset Allocation Update: The ‘Everything Bubble’ Is Bursting

Bilal Hafeez

Rarely can we point to one factor driving the performance of all markets. But since the global financial crisis in 2008, that factor is low interest rates.

Prime Trade Ideas: Trading Weakness in Asia FX

Ben Ford

John left his US equity ETF biases However, in the process, he has strongly reiterated being underweight equities, homebuilders, and consumer staples, and overweight energy...

View all articles in "Portfolio Updates"…

Subscribe to Macro Hive

Macro Hive is the community platform for the thinking investor…


Already have an account?…

Log in…

Get the weekly newsletter 16,000+ finance pros read for 'must-have' trade ideas.

    Spring sale - Prime Membership only £3 for 3 months! Get trade ideas and macro insights now