Q3 2023 3D Report: The real world
The Treasury Department’s issuance of a significant amount of debt in July caused a profound shock to bond markets and left investors questioning the U.S. fiscal position.
Q2 2023 3D Report: Do LEIs lie?
Are leading economic indicators sending false signals? If not, then Houston we have a problem.
Q1 2023 3D Report: You can run for a long time, but sooner or later…
Zero interest rates and quantitative easing have long provided seemingly interminable tailwinds. But 2022 and Q1 2023 prove we’re now in a cut-down phase.
Q4 2022 3D Report: We won’t get fooled again
Periods of mean reversion have always been a positive for the Global Allocation space. Read more about why we believe one such period is arriving and the opportunities we see in the global financial markets.
Margin Stall: Examining the outlook for free cash flow margins
Rising free cash flow margins have been the principal driver of stellar equity returns. In this report, we apply a quantitative lens to margin expansion and examine the ramifications of a trend reversal for markets.
5 for ’23: Corporate credit
The 5 big ideas we’ll be watching in corporate credit markets in 2023.
