Blog
Proprietary global macroeconomic and capital markets research highlights curated by AWAIM® Founder & Chief Investment Officer, Ivan Illán, AIF, CFS. Perspectives shared here are Investment Committee considerations for portfolio management decisions and executing activities.
Research Highlights - 10/19/2022
Over the past five years U.S. exports of services (which is the largest segment of the U.S. economy) have increased a little over 12%, while imports of services have increased by nearly 21%. This is in part due to the growing trend of...
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Research Highlights - 9/19/2022
Over the past decade, home prices have increased at an annualized rate of nearly 9% per year, while incomes have increased by almost 4% per year. This has resulted in home prices that are now 4.5X more than US median family income. Ten...
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Research Highlights - 9/06/2022
If you think all developed economy stock markets have been losing value this year, you’d be wrong. Year-to-date (as of September 5, 2022), the MSCI United Kingdom index level has gained 0.77% in local currency terms (e.g.,...
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Research Highlights - 8/25/2022
There’s an unusual divergence between US GDI (gross domestic income) and US GDP (gross domestic product). Typically, these two metrics track very closely, as an economy’s participants earn wages, profits, and taxes from the...
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Research Highlights - 8/15/2022
U.S. households have been far more conservative in their debt accumulation relative to the government and corporations, rising just 43% from a decade ago (or 3.72% annualized). Compare this to U.S. public debt per capita which has...
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Research Highlights - 8/08/2022
With U.S. corporate debt at its highest level ever and yields on investment grade corporate debt at levels more than twice that of two years ago, CFOs may find it more challenging to navigate refinance and/or debt payoff options, as a...
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Research Highlights - 07/27/2022
If Friday’s PCE figure is at $17T or higher I’d expect The Fed to aggressively pursue its more restrictive monetary policy well into the Fall. Getting prices under control is all about bringing “demand into better...
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Research Highlights - 07/19/2022
Yield on B-rated is 287bps above its 5-Year average, while OAS is 141bps above. Finally beginning to see some good old-fashioned increased credit risk perception coming back to this market but would expect to see more as FOMC activity level
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