Macro Matters is a global investment blog brought to you by LGIM’s Asset Allocation team. We’re focused on sharing our most compelling thinking to help you become more informed investors.

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Strategy

The Butterfly Effect

I’m passionate about macro investing. As long as the markets are open, I don’t think about much else. Some people call it passion, others call it addiction.

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Portfolio Thinking

What the Stone Age can teach investors

Evolutionary psychology highlights a Stone Age mentality hardwired into our brains and reflected in our behaviour and habits. For example, we tend to organise ourselves into groups in order to adapt more easily to different environments: behaviourally it is far less dangerous to be wrong in a group than to be right on our own. This explains the desire and impulse of an individual investor to follow the crowd.

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Macrobites

Five things keeping us awake at night (2.0)

Almost one year on and we are still counting sheep. Let’s see how the macro backdrop has changed, or in some cases not, since our post on the subject last summer

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Strategy

Don't underestimate the power of the people

Remember the EU referendum? The City thought the British public would see the economic benefits of EU membership and not wish to loosen ties with our closest trading partners. Turns out the City was wrong and had misread the mood of the nation. The current discussion around nationalisation has some worrying similarities, so is the City making the same mistake again?

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Economics

US-Sino relations - shifting grounds

How does the potential trade war look from China’s angle? Although a full-blown trade war between the US and China is not our base case, there is still a lot to consider. The macro impact currently appears to be very manageable, although even if it all blows over, we observe a tectonic shift in the US-Sino relationship.

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Economics

Can you win a trade war?

'War on trade' is the topic of the moment, but in my view it is an element of a wider political trend. Here's a whistle-stop tour of what's happened thus far. I'll then hand over to Erik in a future post to cover things from China's angle.

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Economics

Is Carney getting cold feet about hiking?

Earlier this year, the UK economy appeared to be warming up nicely, and a May rate hike was on the cards. But has March’s cold snap changed all this?

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