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MSP2024

Maarten Spek

Global Macro & Investment Strategist

Maarten has been a key figure at ECR since 2006, leading our team of analysts with expertise and innovation. His academic excellence, demonstrated by graduating cum laude in International Economy from Erasmus University Rotterdam, has been instrumental in expanding and refining the research capabilities at ECR. Maarten has played a key role in expanding our research domains and refining our methodology.

His expertise and adept integration of fundamental analysis and chart technical analysis have culminated in the authorship of our weekly G10 FX reports, which have garnered the attention of over 35 Central Banks worldwide. Together with Edward and the team, Maarten has also developed a comprehensive range of Asset Allocation reports that have become a cornerstone of our offerings. 

Maarten actively participates in VBA Bond Commission meetings, showcasing his dedication to the field. He communicates effectively in Dutch and English, ensuring his insights reach a global audience.

Recent Publications

SAA Special: Stock market valuations

Monday, 17 November 2025

In this month’s SAA special, we look at stock market valuations and what they indicate for long-term returns. 

US stocks seem to be priced for perfection and valuations are sitting at levels that rarely ended well in the past.

Timing a turn can be very tricky but when valuations are as extreme as they are now, US stocks are very vulnerable to a negative shock such as disappointment about AI related revenues..

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Positive dollar outlook for 2026

Thursday, 13 November 2025

We do not expect the end of the US government shutdown to immediately lead to a stronger dollar. The outlook for the dollar in 2026 is much more positive, but this does not apply to the British pound..
 

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End of shutdown does not mean end of uncertainty

Wednesday, 12 November 2025

Uncertainty remains high. Due to the historically long shutdown, the availability and reliability of US economic data will remain an issue in the coming weeks. This may lead central banks to adopt a wait-and-see stance, with the 2026 outlook playing a more important role in European and US interest rate markets.

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