Global Macro Strategist, Westbourne Research Services

Sharmila Whelan

Global Macro Strategist

Macroeconomic, Geopolitical and Policy Forecasting

Westbourne Research Services

Westbourne Research is a global macroeconomic, geopolitical and policy forecasting and strategic advisory consultancy. Located in London, UK and serving clients globally. Our knowledge is deep, spanning all asset classes and key industrial sectors. Our perspective is global. Our presence is expansive, with 30 years analysing and working in developed and emerging markets. We are uniquely India and China specialists.

Cross Asset Strategy

<ul>
<li>Overweight Malaysian equites but hedge against the US dollar. The bias is toward high tech, AI, industrials and consumer discretionary stocks.</li>
<li>The Malaysian business cycle is set to strengthen. The profit cycle is stabilising. The investment upcycle is supported by rising FDI and infrastructure spending. </li>
<li>Expect the Johor-Singapore Special Economic Zone agreement will give fresh impetus by hastening economic integration and moving Malaysia up the value-added chain.</li>
</ul>


Overweight Malaysian equites but hedge against the US dollar. The bias is toward high tech, AI, industrials and consumer discretionary stocks.
The Malaysian business cycle is set to strengthen. The profit cycle is stabilising. The investment upcycle is supported by rising FDI and infrastructure spending. 
Expect the Johor-Singapore Special Economic Zone agreement will give fresh impetus by hastening economic integration and moving Malaysia up the value-added chain.


<ul>
<li>The Chinese economy is yet to bottom and the corporate sector’s troubles are far from over. The same goes for the property sector. Consumers are still risk averse.</li>
<li>Trading Post has a neutral stance on equities as an asset class but is a selective buyer of certain stocks and growth sectors.</li>
<li>These include AI, high tech – software and hardware, robotics and electronics. An underweight on consumer discretionary,  property and export cyclicals as well as bonds and the rmb maintained.</li>
</ul>


The Chinese economy is yet to bottom and the corporate sector’s troubles are far from over. The same goes for the property sector. Consumers are still risk averse.
Trading Post has a neutral stance on equities as an asset class but is a selective buyer of certain stocks and growth sectors.
These include AI, high tech – software and hardware, robotics and electronics. An underweight on consumer discretionary,  property and export cyclicals as well as bonds and the rmb maintained.


<ul>
<li>From a business cycle perspective, Trading Post is overweight global equities, and underweight sovereign bonds. Within global equities the bias is towards growth and momentum stocks.</li>
<li>In favour are industrials, energy, European &amp; US defence, tech hardware companies and consumer discretionary in the second half of the year, along with export cyclicals.</li>
<li>Expect the Fed to cut interest rates once this year and the ECB by 125bp in total and for the BoJ to raise by 75bp. </li>
</ul>


From a business cycle perspective, Trading Post is overweight global equities, and underweight sovereign bonds. Within global equities the bias is towards growth and momentum stocks.
In favour are industrials, energy, European &amp; US defence, tech hardware companies and consumer discretionary in the second half of the year, along with export cyclicals.
Expect the Fed to cut interest rates once this year and the ECB by 125bp in total and for the BoJ to raise by 75bp. 


<ul>
<li>On European equities be discerning. While there are some green shoots the European economy is fragile. Value and quality stocks are recommended. </li>
<li>Sector bias is towards consumer staples, tech hardware and defence before moving into consumer discretionary and industrials later in the year. .</li>
<li>Japan - overweight equites – industrials, banks and consumer discretions -  unhedged and underweight government bonds.  </li>
</ul>


On European equities be discerning. While there are some green shoots the European economy is fragile. Value and quality stocks are recommended. 
Sector bias is towards consumer staples, tech hardware and defence before moving into consumer discretionary and industrials later in the year. .
Japan - overweight equites – industrials, banks and consumer discretions -  unhedged and underweight government bonds.  


<ul>
<li>Last year 70% of the calls made money. This year we make another 43 investment recommendations, global, US, Europe, Japan and 8 Asian countries. </li>
<li>Our prediction that Bitcoin will become a US reserve asset under Trump is already playing out. </li>
<li>Stock market volatility will persist, with diverging performance and subdued  gains compared with 2024. Our top picks are the US, Japan, Taiwan, Korea and India and selectively China. </li>
</ul>


Last year 70% of the calls made money. This year we make another 43 investment recommendations, global, US, Europe, Japan and 8 Asian countries. 
Our prediction that Bitcoin will become a US reserve asset under Trump is already playing out. 
Stock market volatility will persist, with diverging performance and subdued  gains compared with 2024. Our top picks are the US, Japan, Taiwan, Korea and India and selectively China. 


Westbourne Research Services
Macroeconomic, Geopolitical and Policy Forecasting

Reason to Overweight Malaysia

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Investment recommendations for global markets, including top picks in US, Japan, Taiwan, Korea, India, and China, with prediction of Bitcoin...

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Reason to Overweight Malaysia

​Invest in overweight Malaysian equities as a hedge against the US dollar, with a focus on high tech, AI, industrials, and consumer discretionary...

Sharmila Whelan

China Business Cycle Investment Signals

​Chinese economy still struggling, Trading Post cautious on equities but bullish on AI, high tech, robotics, and electronics. Consumers remain risk...

Sharmila Whelan

2025 Global Investment Recommendations

​O/w global equities, particularly growth and momentum stocks. and by sector - industrials, energy, defense, tech hardware, and consumer...

Sharmila Whelan

Overweight Europe and Japan Equities

Focus on European value and quality stocks. Sector bias towards consumer staples, tech hardware, and defense. Overweight Japan equities in...

Sharmila Whelan

2025 Global Investment Strategy

​Investment recommendations for global markets, including top picks in US, Japan, Taiwan, Korea, India, and China, with prediction of Bitcoin...

Sharmila Whelan

Invest in overweight Malaysian equities as a hedge against the US dollar, with a focus on high tech, AI, industrials, and consumer discretionary...

Chinese economy still struggling, Trading Post cautious on equities but bullish on AI, high tech, robotics, and electronics. Consumers remain risk...

O/w global equities, particularly growth and momentum stocks. and by sector - industrials, energy, defense, tech hardware, and consumer...

Investment recommendations for global markets, including top picks in US, Japan, Taiwan, Korea, India, and China, with prediction of Bitcoin...