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Tactical Asset Allocation

Trump's poker game

Monday, 16 December 2024, written by Maarten Spek

After Trump’s inauguration, a high stakes poker game will begin between de economic super powers. How Europe and China will respond to Trump’s bet will play a decisive role in the tactical asset allocation decisions.

This report is published: Monthly

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Previous reports

First-round and second-round effects of Trump’s policies

Wednesday, 27 November 2024

Trump has a clear strategy for the US economy, which could push up growth and inflation in the short-term but will likely lead to deflationary pressures in the medium term. For China and Europe, we expect the reverse. In this Tactical Asset Allocation update, we discuss the drivers for these developments and how Trump’s policies will affect the asset allocation.

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This cycle it’s different

Wednesday, 30 October 2024

“This time it is different” may be the five most dangerous words in investing, but this time the economic cycle is really unusual as equities and the economy seem indifferent to higher interest rates. This publication explores why this is the case, how long it could last and how it affects our tactical asset allocation. 

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Monetary fuel for equity markets

Wednesday, 25 September 2024

The recent decline of oil prices, the dollar and long-term rates bodes well for economic growth. This is reinforced by monetary easing by the US and Chinese central banks. Is this the all clear signal for an outperformance of risky asset prices for the remainder of the year?

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A word from the author

"In this report I answer the question How would ECR invest? We express our views by indicating exactly how much we want to underweight or overweight each asset class relative to the Strategic Asset Allocation. The approach is fundamental and chart-technical combined with valuation metrics. It is a bridge between our mid-term macro views and your tactical asset allocation decisions. I'm always pleased to hear readers tell me it's been an  invaluable resource for their investment committee meetings as it provides a comprehensive insight and guidance in team their discussions. This is exactly what we want to achieve with this report"

 

 

 

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