Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

Thematic (Sector/Industry)

United states Materials / Thematic (Sector/Industry)

<ul>
<li>
Despite the record highs for US indices, most EM currencies have regained USD levels seen pre-election as volatility subsides and carry trades resume.
</li>
<li>Even the Turkish Lira and Mexican Peso have found support since late January while speculative long USD positioning has reversed to levels last seen in October.</li>
<li>Corporate credit spreads have tightened further as retail funds flood into the sector YTD - EM high yield spreads are just 2.7% currently from over 5% a year ago.</li>
<li>
That backdrop underpins the…</li>
</ul>



Despite the record highs for US indices, most EM currencies have regained USD levels seen pre-election as volatility subsides and carry trades resume.

Even the Turkish Lira and Mexican Peso have found support since late January while speculative long USD positioning has reversed to levels last seen in October.
Corporate credit spreads have tightened further as retail funds flood into the sector YTD - EM high yield spreads are just 2.7% currently from over 5% a year ago.

That backdrop underpins the…


Sumitomo Mitsui Financial Group (8316 JP)

Mitsubishi UFJ Financial (MUFG) (8306 JP)

Sumitomo Mitsui Financial Group (Sponsored Adr) (SMFG US)

Sumitomo Mitsui Financial Group (Sponsored Adr)

Shanghai Pudong Development Bank Co. (600000 CH)

Mitsubishi UFJ Financial (MUFG) ADR (MUFG US)

US Earnings Momentum Weak as Greek Saga Resumes