Skip to main content
Subject:

Tactical Asset Allocation

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

Wednesday, 27 November 2024, written by Maarten Spek

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.

This report is published: Monthly

Get access to this report

Get access

Previous reports

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. 

Read more

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?

Read more

Buy the dip until the tipping point

Wednesday, 28 August 2024

Asset prices are benefitting from the tailwinds of the expectations of multiple rate cuts and a soft landing. Still, a cautious approach is warranted amidst high valuations and levels of investor optimism. Furthermore, a further weakening of US growth could push the economy beyond a point where a recession is unavoidable and rate cuts won’t boost asset prices..

Read more

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"

 

 

 

Looking for a tailored White Label Solution?

With its easy-to-understand language and non-technical approach, our reports have gained recognition among industry professionals as ideal reading material for private clients. We understand that each financial professional has their own unique market views and investment strategies. That's why our white label reports can be delivered in such a manner that they are easily customizable to align with your specific outlook. You can exclude irrelevant sections, incorporate information from other ECR publications, and even provide explanations about your own investment portfolios, all to enhance your brand and offer a personalized experience for your clients.