Large-cap buyer beware: small caps are coming for you
mai 25, 2023 | Gestion d’actifs Global Alpha Ltée
Unlocking the potential: why small caps are poised to outshine large caps in 2023.
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Navigating a coming turn in the stockbuilding cycle
mai 23, 2023 | NS Partners
The stockbuilding cycle is on course to bottom soon and upturns have historically been associated with a procyclical shift in market behaviour. Several considerations, however, argue for caution about positioning for such a shift now.
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Inflation leading indicators still softening
mai 19, 2023 | NS Partners
It might be expected that G7 central bankers, in attempting to judge inflation prospects and the appropriate policy stance, would be paying close attention to indicators that signalled the recent inflationary upsurge.
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UK takeover activity
mai 18, 2023 | Gestion d’actifs Global Alpha Ltée
Explore the reasons and long-term implications of the UK takeover surge.
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UK MPC policy pivot approaching as labour market cracks
mai 17, 2023 | NS Partners
Commentators have expressed scepticism about a large monthly fall in the “experimental” PAYE employees measure in April (136,000 or 0.45%, equivalent to a 700,000 drop in US non-farm payrolls). It is true that initial estimates are often revised significantly but the largest upward adjustment to the month-on-month change historically was 121,000, relating to a pandemic-distorted month (March 2021*).
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Raise the roof
mai 11, 2023 | Gestion d’actifs Global Alpha Ltée
Learn why the U.S. debt ceiling is making headlines again and how it can impact financial markets.
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Perspectives de mai 2023 : Analyse des conséquences sur le Canada
mai 11, 2023 | Gestion de placements CC&L
La BdC a mis ses hausses de taux sur pause, contrairement à d’autres banques centrales qui ont pris les marchés par surprise en annonçant un relèvement de leurs taux. Quelles conséquences cette situation pourrait-elle avoir sur le Canada?
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Recession warning from UK vacancies
mai 11, 2023 | NS Partners
UK vacancies – like US job openings – are signalling an employment recession. A previous post noted that a fall in US job openings of more than 15% from a rolling 12-month high was always (since the 1950s) associated with a multi-month fall in payrolls.
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Capex weakness to drive PMI double dip
mai 10, 2023 | NS Partners
The global manufacturing PMI new orders index – a timely indicator of global goods demand – was little changed below 50 (49.4) in April, a weaker result than had been suggested by DM flash results.
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The growing landscape of carbon removal technologies
mai 4, 2023 | Gestion d’actifs Global Alpha Ltée
Exploring the exciting growth of carbon capture tech, its policy incentives and promising investments.
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MENA Q1 2023 Manager Letter
mai 3, 2023
In our 1st quarter investor letter we discuss our views on the MENA equity markets and the main return drivers for the strategy during the quarter.
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FEM Q1 2023 Manager Letter
mai 3, 2023
In our 1st quarter investor letter, we discuss our views on frontier emerging markets and the main return drivers for the strategy over the period.
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Not missing the forest for the trees
avril 27, 2023 | Gestion d’actifs Global Alpha Ltée
Macro awareness and how policy choices impact economic growth: lessons from North and South Asia.
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