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MACRO · EQUITIES · FX · COMMODITIES · GEOPOLITICS
Commodities
Viresh Kanabar
Saudi Arabia announced they will cut production in July by 1mn b/d, with the potential to extend if required. OPEC+ also agreed to lower the baseline for Russia and select African countries by almost 1.6mn b/d for next year. Meanwhile, it revised the production baseline for the UAE 0.2mn b/d higher. This makes the reduction to the 2024 baseline total 1/4mn b/d.
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.
Dominique Dwor-Frecaut
Once again, the NFP release showed a combination of high employment growth, low unemployment, and no nominal wage acceleration.
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.
Macro Hive's newsletters gave me the intel I needed to reposition my investment portfolio ahead of these selloffs! I couldn't be more grateful to Bilal and the team.
Lauryn Enide
Senior Software Engineer at Microsoft
When tackling macro themes, I am faced with many challenges, such as the involvement of numerous variables and tons of related information, and Macro Hive helps me deal with this complexity. Human intelligence proves to still be ahead of AI and technology!
Lorenzo Lorenzi
Foundation Endowment Manager
Macro Hive is more than just an independent research provider. It's a network and community connecting some of the best investors and thinkers together. A real industry disruptor!
Etienne de Marsac
Head of Absolute Return at Sunny Asset Management
Before starting Macro Hive, Bilal was Global Head of International Fixed Income Strategy at Nomura, and Head of Multi-Asset Research and Advisor to the CEO at Deutsche Bank. Bilal started his twenty-year career at JP Morgan. Academically, Bilal was an Honorary Visiting Professor of Finance at Cass Business School and studied Economics at St Johns College, Cambridge.
Andrew spent over 25 years in finance on both the buy and sell side. He co-founded Eschaton Opportunities, a $100 million hedge fund focused on global thematic value investing. Earlier in his career, Andrew led JP Morgan's institutional sales business across foreign exchange and emerging markets in Europe, ran Lehman's global derivative sales business, and managed Deutsche Bank's European currency option trading and derivative research business.
Dominique Dwor-Frecaut is a macro strategist based in Los Angeles. She has been producing alpha generating trade ideas in FX and rates in EM and G10 at established and startup macro hedge funds in the US since 2011, including at Bridgewater. She has also produced in depth analysis of central banks policies and procedures drawing on her experience at the New York Fed, the IMF and the World Bank as well as on the buy and sell side. Before moving to the US she covered Asian and global EMs at Barclays capital, ABN AMRO and RBS from Singapore. She holds a PhD in economics from the London School of Economics.
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