In the INVESTMENT OUTLOOKS, we describe in copious details our macro views, explaining the number crunching and data analysis on which such views are based. OUTLOOKS are written every 2/3 months, if relevant. Further extrapolation of the market analysis in the OUTLOOKS is provided by means of our INVESTORS PRESENTATIONS, which are available upon request.

Investment Outlooks

Cookies

COOKIES and CHARTBOOKS are our more frequent notes: these are short communications aimed at connecting day-to-day market events/catalysts to the macro views framed in the OUTLOOKS, in either confirmation or invalidation of what was there presented. If you want to be included in these constant e-mail notes please do get in touch.

Scenarios

The aim of this series of notes is to depict a specific disruptive scenario on a medium- to long-term horizon, and analyze the shape and tempo of its economic and financial implications. The scenario narrated is one of deep market discontinuity, although its probability is anything but remote. Instead, oftentimes, it is one sitting alongside trend-line, when linearly  interpolating from recent events into the future.

Investment Oulooks

21st Nov 2016 - INVESTMENT OUTLOOK
3rd May 2016 - INVESTMENT OUTLOOK
18th Jan 2016 - INVESTMENT OUTLOOK
26th Oct 2015 -  INVESTMENT OUTLOOK

7th Jul 2015 - CONFERENCE CALL

1st Jun 2015 - INVESTMENT OUTLOOK

10th Mar 2015 - CONFERENCE CALL

1st Feb 2015 - INVESTMENT OUTLOOK
1st Dec - 2014 - INVESTMENT OUTLOOK
1st Sept 2014 - INVESTMENT OUTLOOK
9th Jun 2014 - INVESTMENT OUTLOOK
1st Apr 2014 - INVESTMENT OUTLOOK
10th Feb 2014 - INVESTMENT OUTLOOK
4th Nov 2013 - INVESTMENT OUTLOOK
7th Oct 2013 - INVESTMENT OUTLOOK
19th Sep 2013 - INVESTOR PRESENTATION
3rd Sep 2013 - INVESTMENT OUTLOOK
28th Jun 2013 - INVESTMENT OUTLOOK
31st May 2013 - INVESTMENT OUTLOOK
3rd May 2013 - INVESTMENT OUTLOOK
5th Apr 2013 - INVESTMENT OUTLOOK
1st Mar 2013 - INVESTMENT OUTLOOK
1st Feb 2013 - INVESTMENT OUTLOOK
11th Jan 2013 - INVESTMENT OUTLOOK
17th Dec 2012 - INVESTMENT OUTLOOK
16th Nov 2012 - INVESTMENT OUTLOOK
26th Oct 2012 - INVESTMENT OUTLOOK
5th Oct 2012 - INVESTMENT OUTLOOK
14th Sep 2012 - Bi-WeeklyNote
27th Jul 2012 - Bi-WeeklyNote
13th Jul 2012 - Bi-WeeklyNote

Cookies

3rd Jul 2017 - New Lows on Bond Volatility: Calm Before The Storm? - UPDATE

16th Jun 2017 - New Lows on Bond Volatility: Calm Before The Storm?
15th Jun 2017 - US Banks visibly disconnected from US Rates and US Curve

5th Jun 2017 -  Things to Watch (12 charts)

24th May 2017 - How to play EU outperformance vs the US: equity, rates and currencies

4th May 2017 -  Important levels to watch out, being tested / breached

12th Apr 2017 - Equities to join rates and the us dollar in the anti-reflation trade? watch us earnings and US GDP for clues

7th Apr 2017 - Trend to monitor: Italy's Target 2 deficit hit new high in March at Eur 420bn 

3rd Apr 2017 - Post-Oil World Advancing Faster Than Markets Believe

23rd Feb 2017 - The Positive Scenario of a Friendly Restructuring of the EUR Peg is in Reach

12th Dec 2016 - Global Tapering On Track: Latest Data From Japan, Possibility For A Tweak
24th Oct 2016 - Things to Watch

2nd Aug 2016 - Things to Watch

25th Aug 2016 - US Yield Curve Now Flat Between 12Months Libor And 10Yr Treasury: US Banks Do Not Flinch, Yet  

7th Jul 2016 - Equities Sleepwalking Towards The Cliff Of EU Banks And CNH Deval

27th Jun 2016 - EU Reformed Or EUR Break-Up 

15th Jun 2016 - Last Castle To Fall: The S&P

12th Apr 2016 - Upcoming Catalysts For Risk-Off: US Earnings, OPEC Meeting

21st Mar 2016 - Short European Banks Thesis

14th Mar 2016 -  Draghi Smartly Over-Delivering, Saving Banks, Now Eyes On Risk Of USD Strength

2nd Mar 2016 - High Expectations For ECB Next Week Potential For Disappointment  Especially On Banks

29th Feb 2016 - EURUSD Down, Equity Down On ECB Delivering Deeply Negative Interest Rates

22nd Feb 2016 - Monitoring China Reserve Depletion: Next Key Release 23rd Feb

15th Feb 2016 -  Monitoring China Reserve Depletion: Next Key Releases On 18th Feb And 23rd Feb

10th Feb 2016 - Deeply Negative Interest Rates, The Real New News

3rd Feb 2016 -  Monitoring China Reserve Depletion: Estimate For Jan Revised Up At $USD 197Bn, Data Out On 7th Feb

29th Jan 2016 - Deeply Negative Interest Rates & Currency Wars

28th Jan 2016 - Monitoring China Reserve Depletion: Estimate For Jan At $USD 185Bn, Released On 7th Feb

25th Jan 2016 -  Inflation Expectations Closing Gap To European's

21st Jan 2016 - Thoughts Ahead Of ECB Press Conf

12th Jan 2016 -  Random And Violent Markets

23rd Dec 2015 - What's Going On In Oil / Commodities

17th Dec 2015 - What Are We Left With After Fed Hike?

8th Dec 2015 - Has The ECB Really Disappointed

27th Nov 2015 - Preparing For The ECB Meeting

Scenarios