Stargazer Asset Management Weekly – October 26 2020

This week we discuss the upcoming ECB meeting, FedNow, digital currencies and the current sideways state of Global Macro markets.

BY ERIC FILL

SAM Weekly _ October 26 2020

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C8 Bulletin: MI2 Joins C8 Studio

BY JON WEBB

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. 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. 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. Read more →

NDR Fixed Income Allocation Strategy September 2024 Update

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The NDR Fixed Income Allocation Strategy, Positioning Update Read more →

C8 Currency Compass – October 2024

BY JON WEBB

A strong start from Currency Compass last month, where we called for a 50bp Fed rate cut camp but noting our currency models point to EURUSD and GBPUSD weakness, so any bounce is a good opportunity to add EUR and GBP hedges. Indeed it was, with EURUSD hitting 1.12 and GBPUSD 1.34 before falling back. Stronger US data, in particular the employment report, helped cement this view, the chart below illustrates how recent US data has pushed up the Atlanta Fed Q3 GDPNow forecast from 2% to above 3%. Read more →

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