Data Reports for :

Global Investment Strategy

GIS May 23 (Disinflationary Growth)

Date: 2016-05-22 - Prepared by: The GISI
Between early May and September 2013, U.S. and U.K. 10-Y government bond yields nearly doubled, from around 1.6% to 3%. German 10-Y Bund yields spiked from 1.2% to 2.0%. The entire increase was driven by real yields, as inflation expectations...
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Special Report on Global Banks

Date: 2016-05-15 - Prepared by: The GISI
In this report we estimate the fair-value of the Price-to-Book ratio of 61 banks from around the world. We have constructed a non-linear model, based on four explanatory variables: the RoE, the Beta coefficient of each stock, the dividend payout ratio...
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GIS May 9 (The Fog of Noise)

Date: 2016-05-08 - Prepared by: The GISI
The currently low-level of real long-term interest rates should last much longer than most believe, which will eventually bring down equity risk premiums and push up valuations. The world economy continues to adjust to lower energy prices. Whether oil price...
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Short Strategy Update

Date: 2016-04-27 - Prepared by: The GISI
The correlation between oil and stock prices is weakening and should fall to zero by the end of this year (click here to see the chart). The level of oil prices has essentially become irrelevant for the world economy. Whether...
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GIS April 25 (Don’t Miss This Rally)

Date: 2016-04-24 - Prepared by: The GISI
It would be a mistake to be underweight stocks at this point. The world economy has mostly normalised. As argued in one of our previous email updates, we use Canada's economy as a model for the world economy because Canada is...
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Special Report, Stephen Walt interview

Date: 2016-04-18 - Prepared by: The GISI
We all realise that the influence of geopolitics on finance and economics is growing rapidly, as governments around the world become more intrusive (from imposing more regulations and sanctions to launching QE programs, striking various regional trade agreements and starting...
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An Easy Way to Understand the Global Economy

Date: 2016-04-14 - Prepared by: The GISI
Canada is the only country that simultaneously benefits and suffers from lower commodity prices. Understanding and analyzing Canada’s economy is evidently much simpler than understanding the world economy (because Canada is smaller, data are readily available, reliable and comparable). If we are able to monitor...
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GIS April 11 (My Cost is Your Income)

Date: 2016-04-10 - Prepared by: The GISI
In this issue we argue that (a) recently stock markets have been positively correlated with rising bond yields and hence are not worried about slightly higher interest rates in the U.S.; (b) the short end of the U.S. bond market should soon reprice its...
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Investing Into Banks: US vs Canada

Date: 2016-03-31 - Prepared by: The GISI
In this issue we compare U.S. and Canadian banks stock performance.  We argue that Canadian bank stocks still have a significant upside potential. This document is only available to members Request your free trial OR Login Here

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Special Report on U.S. Elections & BrExit

Date: 2016-03-15 - Prepared by: The GISI
In this report we analyse investment implications of U.S. elections and of a potential BrExit. The finance community in the US seems convinced that Hillary Clinton is the next President and this complacency is reflected in stock and bond prices....
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