C8 Bulletin: MI2 Joins C8 Studio

The C8 Bulletin is back after a summer break, and we are delighted to announce that Macro Intelligence 2 Partners have added their Macro Alpha index to C8 Studio. MI2 Partners is known for its rigorous and data-driven macroeconomic analysis, in particular its proprietary leading indicator models. These models meant that MI2 were well ahead of market consensus in forecasting the sharp pick-up in global inflation last year. The team continuously monitor and interpret global economic trends, monetary policies, fiscal developments, and geopolitical events to provide clients with valuable insights into market dynamics.

In addition, for anyone wishing to gain a strong insight into current macro trends and opportunities, MI2 are holding their investor conference in Vail at the end of the month. Vail is beautiful to visit in the Fall, but we note that there are also some excellent value virtual passes available on the link below:

MI2 Partners Global Macro Summit Vail 26 – 29 September

The Macro Alpha strategy is deeply rooted in MI2’s macroeconomic insights. These directional strategies encompass a broad range of asset classes. The strategy aims to optimize risk-adjusted returns by dynamically-adjusting portfolios based on changing macroeconomic conditions.  Please find below the performance since launch in April 2021:

Global Macro Combination

As regular readers know, a C8 Bulletin never seems complete without illustrating the ‘Power of Combination’ on C8 Studio. Taking three of our Global Macro contributers (including MI2), combining using our proprietary Tactical Asset Allocation, would have produced a 24% annual gain with 11% volatility and, notably, a 40% negative correlation to the S&P over the past two years. Of course, macro returns have benefited from the general instability in markets over this period, but the negative correlation does illustrate how Global Macro acts as a good complement to long equity portfolios.

Other posts

Thoughts From The Divide: Identifying Ducks

BY JON WEBB
While we may have missed getting out our Thoughts From The Divide year-in-review piece before the new year (mea maxima culpa), we did manage to spend some time going through our “best of” and “greatest hits” in anticipation of the changing of the calendar. As usual, there were some repeated themes and tropes, but at the highest level, what struck us was that last year seemed very much governed by the timeless question from the underrated philosopher of science, Whitney Houston: “How will I know?” (closely followed by her observation that “crack is whack”) Read more →

NDR Dynamic Allocation Strategy November 2023 Update

BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update Read more →

Thoughts From The Divide: Hold On Tight

BY JON WEBB
“It’s obvious that there’s going to be stress and losses”. The comment is from Janet Yellen’s comments this week and comes from the discussion of the ongoing CRE dumpster fire. Stress and losses aside, the Treasury Secretary was unruffled, following up with the comment, “I hope and believe that this will not end up being a systemic risk to the banking system.” Yellen did admit that size matters. While “The exposure of the largest banks is quite low,… there may be smaller banks that are stressed by these developments” Read more →
Back to all posts →