Investment Strategy Insights

Fun fact ... (nerd edition) ...

Great slide showing a massive secular shift ... credit markets are being reformed around a new model ...

Why you should diversify across fx holdings over time...

There are now 4 great innovation 'domains' ...

Digital infrastructure & compute power ... life science & medical therapeutics ... low carbon energy ... and - as referenced here below ... defence systems & autonomous warfare ... Companies that evolve and innovate in these spaces have a habit of clustering in close physical proximity to each other around pre-existing domain expertise (resesarch hubs)

And there we have a signal ...

RTO is ratcheting up ...

In many European markets we are going to start to see net absorption picking up as occupiers now have a clearer idea of what the world is going to look like when the workplace trends we have seen emerge over the last 5 years normalise.  Alot of firms have held

Poland pick me up...

The private sector has stopped .. the next question is whether the government can...

Me thinks that depends on whether the private sector is willing to fill some of the gap and they key question there is income growth and the private sectors incentives ...

Greenshoots as European CRE pick up begins ...

Fed government cuts will start to pick up!

US CPI ...

Waving good bye to 2% ... And worrying about the next stage!

Is Intel too strategic to fail?

Positives for Europe ... particularly CEE

Divergence continues ...

China CRE ...

Europe in a brave new world ...

Tariffs (ceteris paribus) are bad for GDP growth ... but simplistically is this simply about the US asking Europe carrying more of its own economic and geopolitical weight? If the push here is for Europe to adopt a stronger long run growth preference with higher domestic demand and less emphasis on

Figure that one out ... wishful thinking abounds!

Manager selection ... always has been important - always will be ...

Chart of the week, month, year .... maybe decade ... possibly century ...

As much as it pains me to cheerlead for someone who competes with us (in CRE space) - here is the Blackrock report this chart comes from ...BII Global weekly commentary

German production sensitive to geo-political tensions!

European excess savings ...

Some of this capital needs to get spent ... otherwise Europe will keep operating in a low growth low rate equilibrium and it will find itself facing alot of pressure from its trade partners ...

Love this chart ...

European rates ...

We may find that rates dip below 2% ... before lifting back up to neutral levels again ... Wages unlikely to be a barrier to rate reductions ...

Lone star ... chip state ...

Texas Instruments lives ...

Nice article ...

https://on.ft.com/4aPQcBK