Drawing on the depth and breadth of their market and economic expertise, our global macro strategists offer insight into today's big investment themes to enable more confident portfolio decisions.
On the Minds of Investors tackles the big questions we hear in our conversations with clients – it’s our latest thinking on the issues that matter to you.
We bring you the latest Market Insights from our teams around the world.
This paper discusses the potential impact of the OBBBA on the U.S. economy, its fiscal position and debt levels, and the investment implications.
This paper discusses the opportunity in real estate on the back of higher-for-longer interest rates creating dislocation and supply constraints.
This paper discusses the need for currency hedging on the back of U.S. economic slowdown and policy directions pressuring the USD downwards.
This paper discusses the ongoing tensions between Israel and Iran, and the implications on oil prices and the global economy.
This paper discusses the impact of artificial intelligence advancement on businesses, and the investment implications.
This paper discusses how commodities, especially gold, can be a valuable investment tool for diversification and hedging against global growth risks.
This paper discusses the possibility of the U.S. economy continuing to slow given materially higher tariff levels and lagged effects from earlier escalations, and the investment implications.
This paper discusses the reasons for Moody's downgrade of the U.S., and the implications for markets and investors.
This paper discusses the impact of a weaker U.S. economy and supportive monetary policies across Asia on Asian growth, and the investment implications.
This paper discusses the resiliency and flexibility of private credit structures, and the possible risks associated during a challenging economic environment.
This paper, written by Adrian Wong, highlights Asian equities' resilience amid tariff uncertainties, offering diversification with undemanding valuations.
This paper discusses the reasons why APAC could be more cushioned to withstand an economic downturn in the U.S. this time around, and the investment implications.
This paper discusses the strong first quarter U.S. earnings data points on the back of tariff uncertainty and a lower U.S. dollar, and the investment implications.
This paper discusses the recent weakness in the U.S. dollar as a result of both policy and economic reasons, and the investment implications.
This paper discusses how investors can diversify their portfolios during market volatility with liquid alternatives, risk management and tactical asset allocation for capital preservation and potential gains.
This paper discusses the latest GDP and economic activity numbers in China and the factors that may impact strong growth for the rest of 2025, along with the investment implications.
This paper discusses the factors surrounding the rise in U.S. Treasury yields, and the investment implications.
This paper discusses the 90-day pause on reciprocal tariffs by U.S. President Trump, and the investment implications.
This paper addresses the potential impacts of the universal and reciprocal tariffs announced by the U.S. on 2nd April, and the investment implications.
A forced and rapid energy transition is under way. Discover what impact this will have on commodity markets and clean energy investment opportunities.
This paper, written by Raisah Rasid and Jennifer Qiu, addresses the importance of a diversified portfolio to manage market volatility and capture potential recovery upside.
This paper discusses the tariff proposed and implemented by the Trump administration, and what to expect on April 2nd and the potential impact.
This paper discusses the slowdown in growth in the U.S. economy and the possibility of a recession on the back of policy uncertainty, and the investment implications.
This paper addresses the case for defensive and income seeking strategies on the back of growing uncertainties around government policies, geopolitics and monetary policies.
This paper discusses the key takeaways from the Chinese NPC annual session, and the investment implications for Chinese and Asian investors based off recent market volatility.
This paper discusses how investors can manage the concentration risk in the global equity markets, and the investment implications from diversifying across indices, geographies and asset classes.
This paper discusses the motivation and impact of the proposed U.S. tariffs on its trading partners, and the investment implications.
This paper discusses the impact of higher tariffs and lower immigration on the U.S. economy, and the uncertainty accompanied by the rapid pace of the executive orders initiated by U.S. President Trump.
This paper discusses U.S. President Trump's trade and foreign policy approach, and the possible impact of reciprocal tariffs on markets.
This paper discusses the upward trend in Chinese equities in 2025 on the back of the recent AI developments, and how more positive macro catalysts can help further sustain this market and investor sentiment.
This paper, written by Adrian Wong, discusses the attractiveness of Asian equities on the back of 4Q earnings releases, and the investment implications.
This paper addresses the case for transport assets as a means for portfolio diversification on the back of broader trade uncertainty and economic volatility.
This paper addresses why the Indian market continues to remain a promising investment opportunity in spite of recent downturn in macroeconomic and market performance.
This paper addresses the recent trade tensions caused by the imposition of heavy tariffs by U.S. President Trump on Mexico, Canada and China, and the investment implications.
This paper, written by Tai Hui, discusses the spike in developed market government bond yields in recent weeks on the back of political and economic circumstances, and the investment implications.
This paper, written by Chaoping Zhu, discusses the China 4Q 2024 GDP results on the back of policy stimulus measures, and the need to maintain policy consistency heading into 2025.
This paper, written by Tai Hui, addresses U.S. equity investment, highlighting the importance of fundamentals, and managing portfolio during market fluctuations.
This paper discusses the near-term pains that await Asian economies from the proposed U.S. tariffs, and how Asia can navigate this trade uncertainty from a long-term perspective.
This paper addresses the challenges that lie ahead for Asian equities in 2025 amid trade tensions and a strong U.S. dollar, and the investment implications.
This paper, written by Meera Pandit, discusses the potential impact of U.S. government policy changes on alternative assets.
This paper, written by Jennifer Qiu, addresses the broader impact of potential U.S. tariffs on China, and the investment implications.
This paper discusses the various drivers apart from corporate reforms that provide positive sentiment to the Japanese equity market, and the investment implications.
This paper, written by Meera Pandit, discusses the impact of a U.S. corporate tax rate cut on corporate earnings, and the investment implications.
This paper addresses the current market stability and investor confidence in the U.S. debt situation keeping in mind the long-term risks, and the investment implications.
This paper discusses the strength of the U.S. dollar since September, driven by higher U.S. Treasury yields and President-elect Trump's policy stance, and the investment implications.
This paper, written by Meera Pandit, discusses the Federal Open Market Committee's decision to lower the federal funds rate by 25 basis points to a target range of 4.50%-4.75%, and the investment implications.
This paper addresses the stabilization of S&P 500 earnings in the U.S. on the back of normalizing in growth and inflation, and the investment implications.
This paper discusses the consumption outlook and the related impact of the policy stimulus in China from the lens of Chinese households' balance sheets and their vulnerabilities.
This paper, written by Chaoping Zhu, discusses the stimulus measures adopted by Chinese policy makers in response to deflationary risks, and the need for clearer future plans amid economic uncertainties.
This article addresses the U.S. dollar's varied performance against Asian currencies and factors affecting various currencies' strength.
This paper, written by Marcella Chow and Jennifer Qiu, addresses the importance of quality fixed income in a diversified portfolio amid diverse economic and monetary policy landscapes.
This paper, written by Tai Hui, addresses the impact of Beijing's coordinated policies on the recent Chinese equity market rally, and the long-term investment implications.
This paper addresses the investment opportunities in ASEAN equities on the back of attractive valuations and robust income generation.
This paper, written by Kerry Craig, discusses the opportunities for investors in real estate markets on the back of expected decline in interest rates and bond yields.
This paper addresses the historical impact of "soft landings" and "hard landings" on asset classes, and how investors can position themselves with Fed rate cuts looming.
This paper addresses the flexibility of Asian central banks to cut rates amidst easing inflation and robust recovery in currencies, and the investment implications on Asian equities and fixed income.
This paper addresses the underperformance of the South Korean market despite strong earnings outlook, improving corporate governance and regulatory reforms, and steady macroeconomic outlook.
This paper addresses how China has strengthened its self sufficiency in automobile and technology sectors, and the investment implications.
This paper discusses the 2Q24 U.S. earnings season, with the eagerly anticipated broadening out of earnings growth for the companies outside the Magnificent 7, and the investment implications.
This paper discusses the recent market volatility in the U.S. and Asia on the back of the release of the U.S. July jobs report and latest Federal Reserve commentary, and the investment implications.
This paper discusses the BoJ’s decision to hike rates and reduce the pace of its JGB purchases in its latest policy meeting, and the investment implications.
This paper discusses whether the strength of the rotation into U.S. small caps is premature given weak fundamentals.
This paper discusses the investment implications of the latest economic data release from China and the policy rate cut by the PBoC.
This paper discusses how improving economic data can convince the BoJ to normalize monetary policy, and help Japan's earnings growth to outpace the U.S. and Europe in 2024-25.
This paper, written by Tai Hui, addresses why policy easing amid a soft landing backdrop should be positive for both equities and fixed income.
Explore the potential impact of US tariffs on global markets, and learn how to build more resilient portfolios that can protect against varied risks and capitalise on opportunities amid the current economic uncertainty. Updated weekly.
Explore potential oil price scenarios and the economic implications stemming from heightened tensions in the Middle East.
Explore the factors behind the US dollar's recent peak valuation, find out why the dollar is expected to decline gradually from here, and discover strategies for managing currency exposures amid evolving economic and trade dynamics.
Find out how regional diversification and income strategies—from the income available from dividend-paying stocks, or the additional income provided by premiums from covered call options—could help investors maintain a more defensive equity market exposure in the current volatile market environment.
Discover the factors behind the recent rise in US Treasury yields. Learn about structural shifts, market dynamics, and the Fed's role, offering insights into why core government bonds remain a hedge against recession risks over the medium term.
A forced and rapid energy transition is under way. Discover what impact this will have on commodity markets and clean energy investment opportunities.
Read our latest equity market outlook to learn why the US stock market has had a volatile start to 2025, and to find out what the rest of the year may have in store for equity investors.
Is cash really king? Explore why holding cash may underperform other asset classes and how smarter investment strategies can thrive in a volatile market.
Discover the risks of passive investing in today’s shifting economic and political tides, and how they influence portfolio returns.
Find out how US tariffs may impact markets and learn strategies for investing during rising trade tensions. Explore inflation risks, market dynamics and the potential investment implications
Explore the UK equity market's potential for recovery. Learn how shifts in corporate behaviour, supportive policies and an economic upswing can help drive demand for UK stocks.
This paper addresses the impact of Beijing’s coordinated policies on the recent Chinese equity market rally, and the long-term investment implications.
Explore the fiscal challenges and tough choices facing the UK's new chancellor, Rachel Reeves, as she prepares her first budget.
Japanese equities are in the spotlight, but investors should be mindful of the risks as well as the opportunities
Understand the drivers of small cap valuations and find out why small cap stocks could still offer attractive opportunities for long-term investors.
Read about the complex issues at the heart of measuring the financial impact of ESG investing.
