USsee more…

  1. Ep. 167: Alberto Gallo on Investor Complacency, Crisis Risks and Fed’s Dilemma  

    Bilal Hafeez

    Alberto Gallo is Chief Investment Officer and Co-founder at Andromeda Capital Management. Prior to that, Alberto initiated and ran the Global Credit Opportunities fund at Algebris Investments.

  2. Equity View: Latest Earnings Solid, But Outlooks Show Rising Caution

    John Tierney

    Q2 earnings have been solid, with S&P companies beating projections by an average of 7%. Most of this was due to low expectations. What matters more is outlooks.

  3. Asset Allocation: Quality Stocks for a Quality Portfolio

    Bilal Hafeez and Viresh Kanabar

    We stay overweight cash and TIPS while maintaining our underweight allocation to equities, long-duration bonds, property, and private equity.

  1. FOMC Preview: Doves to Take the Reins?

    Dominique Dwor-Frecaut

    Since the April FOMC, there has been no progress on disinflation and no evidence of a macro impact of a credit crunch, yet the Federal Reserve (Fed) has decided to stay on hold next week.

  2. Half-Term Holidays Drive European Departures Higher

    Bilal Hafeez and Ben Ford

    Global departures have recovered their strong upwards trend as half-term holidays commenced (Chart 1). Departures sit 5% above 2019 levels.

  3. Credit Outlook: We Favour High Yield

    John Tierney

    Investment grade and high yield corporate bond spreads are trading in a narrow range, in line with equity volatility.

Bilal Hafeez on Aljazeera TV: Why Is the Debt Ceiling So Contentious in the US?

Macro Hive

Macro Hive Founder and Head of Research Bilal Hafeez joined Aljazeera TV on June 3rd 2023 to discuss the US debt ceiling deal. Bilal Hafeez discusses his view on the agreed bill to suspend the $31.4 trillion debt limit, after a tough political battle. But, neither Republicans nor Democrats got all they wanted.

Equity View: Reality-Check Time for AI and Nvidia

John Tierney

Nvidia’s stock (NVDA) jumped by a third after its CEO forecast quarterly revenue will jump from $7bn last quarter to $11bn next quarter.

  1. Recession Probability Hits 90% Again

    Dalvir Mandara and Bilal Hafeez

    May nonfarm payrolls (NFP) supported both hawks and doves. The May NFP release (339,000 vs 195,000 expected) showed a combination of high employment growth, low unemployment, and no nominal wage acceleration.

  2. Markets to Watch This Week: Is US Consumer Credit Slowing?

    Bilal Hafeez and Viresh Kanabar

    Euro area inflation surprised to the downside last Thursday (1 June). The flash estimate for CPI came in at 6.1% YoY versus 6.3% expected, with core also surprising to the downside at 5.3% versus 5.5% expected. In response, yields across the eurozone dropped, with German 2Y Schatz falling by almost 14bps on the week (Chart 3).

  3. Earnings Outlook: Equities Skirt Risks of a Sharp Downturn

    John Tierney

    For all the hot air it generated, markets were correct to simply ignore the ongoing drama around the debt ceiling and outlook for Federal Reserve (Fed) policy.

NFP Review: Strong Payrolls, But No Wage Acceleration

Dominique Dwor-Frecaut

Once again, the NFP release showed a combination of high employment growth, low unemployment, and no nominal wage acceleration.

Week Ahead: Why the Fed Will Not Crash Risk Markets

Macro Hive

Welcome to the Week Ahead! In this episode, Andrewand Dominique reflect on the US debt ceiling deal. What's next for the markets and what are the Fed's plans for the market now? Should investors be looking at market liquidity more closely and what's on for the week ahead!

  1. Crypto Index Tracker: Crypto Markets Tick Higher

    Dalvir Mandara

    Crypto markets have trickled higher over the past week with markets failing to price a June FOMC hike despite a debt ceiling resolution and monstrous NFP outturn.

  2. Ep. 166: Deepak Gurnani on Building Winning Investment Strategies 

    Bilal Hafeez

    Deepak Gurnani is the Founder and Managing Partner of Versor Investments - $2bn quantitative investment firm. Deepak is the former CIO of Investcorp’s Hedge Fund Group and was one of the founding members in 1996.

  3. Market Wrong to Fear Equity Selloff on TGA Increase

    Dominique Dwor-Frecaut

    The US Treasury plans to increase the Treasury General Account (TGA) by $500bn over the next four weeks, which would cause large money market volatility and is therefore likely to be revised down.

G10 FX Weekly: GBP Set for Downside in 2H 2023

Richard Jones

UK economic data, most notably inflation and employment readings, have soured recently.

Earnings Outlook: AI Bounds Ahead as Broader Market Stays on Hold

John Tierney

Last week was supposed to be about the debt ceiling drama, but Nvidia (NVDA) stole the stage with its earnings and aggressive demand outlook.

View all articles in "US"…

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