Asset Allocation
Bull Market Regime, with no Divergence
The bullish market regime is reemerging from the turmoil in May and June unscathed in…
Currency Wars: A Case for the U.S. Dollar
Summary In recent years, the U.S. dollar has tended to lose value when the global…
Solid Earnings Outlook in Developed Markets
The earnings season began on Monday in the US and should once again show that…
Much Ado About Nothing?
Much Ado About Nothing? On 14 June, we concluded our quarterly allocation review and decided…
July 2013: SC – Equity overweight remains, more…
It is likely that the most recent correction to the equity markets will in turn…
Adjusting our Tactical Positioning
We have reviewed our investment positions in light of this week’s market developments and found…