Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

All-round Multi-Asset investor. Former head of a EUR 5 billion multi-asset fund range. Speaker. Charts & Frameworks. Founder of True Insights, a provider of independent investment research, trade ideas & well-diversified portfolios.
https://true-insights.net/

Global Multi-Asset Investment Strategist

The Weekly Market Monitor – Chinese Equities Out, Bitcoin In!

Key Insight from the Federal Reserve Meeting: Soft Landing Rules!

The Weekly Market Monitor – Another Banking Crisis? Not if Powell Has Anything to Say About It!

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>The divergence among (bond) investors is rapidly increasing. One group expects yields to rise further, while the other expects yields to go down and remain low. I'm in the latter.</li>
<li>To maintain debt sustainability, real yields must remain below real GDP growth. But with declining potential GDP growth, this is not the case currently, and this includes the US.</li>
<li>In the Eurozone, the real yield - real GDP picture is distorted because the ECB must aim monetary policy at the weakest link, Italy. </li>
</ul>


The divergence among (bond) investors is rapidly increasing. One group expects yields to rise further, while the other expects yields to go down and remain low. I'm in the latter.
To maintain debt sustainability, real yields must remain below real GDP growth. But with declining potential GDP growth, this is not the case currently, and this includes the US.
In the Eurozone, the real yield - real GDP picture is distorted because the ECB must aim monetary policy at the weakest link, Italy. 


Simple Math – Why Rates Must Fall!