TS Lombard

TS Lombard is a globally renowned independent research provider with a formidable 30 year track record in providing actionable investment ideas driven by unique understanding of economics, politics and markets. Our economic and political analysis drives our asset allocation recommendations which are both strategic and tactical. We also provide thematic equity calls through TS Lombard Research Partners. TS Lombard was formed through the merger of Lombard Street Research and Trusted Sources in August 2016. The merger has brought together two of the leading, and longest established, IRPs to create a unique offering combining best-in-breed macroeconomic forecasting and political and policy analysis. The group has a team of 25 analysts and strategists across offices in London, New York, Hong Kong, Beijing, Sao Paulo and New Delhi.

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ECONOMICS

Through our analysis of the forces that drive economics at the global, regional and country level, we have a joined-up picture of the world economy and a deeper understanding of the countries that investors care about. This gives us a unique perspective that allows us to present courageous, fresh, long-term thinking and forecasting with high conviction.

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POLITICS

With political drivers and government policy playing an increasingly significant role in determining economic and market outcomes, our world-wide team of political analysts are able to provide critical, timely insights into political shocks and policy developments that will influence investment performance – both regionally and globally.

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MARKETS

Using the wealth of macro economic, policy, and global political insight at our disposal, our team of strategists are able to provide actionable, unbiased advice on asset allocation, investment positioning and portfolio risk management.

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Sample Research

11 Jul 2019 - Rory Green

China Watch: Trade truce no panacea

Economics

Export growth to remain weak in H2/19
Manufacturing and property investment weigh on headline growth
Measured monetary stimulus continues

Markets

The US is increasingly preoccupied with currency manipulation
China is prepared to maintain a stable currency as part of a trade deal
The reduction of downside renminbi risk will benefit wider EM FX

Politics

Beijing steps up market-opening reforms in manufacturing and services to entice foreign investment
There is more style than substance in the hastily drawn-up measures
Financial sector reforms will do little to level the playing field for foreigners

11 Jul 2019 - Steven Blitz

Daily Note: One 25bp cut will not be enough

One 25bp cut is not enough to boost global growth, capex and inflation
Restructuring of Fed balance sheet will help determine extent of cuts
FOMC discusses a repo facility, its answer to money market illiquidity

04 Jul 2019 - Dario Perkins

Macro Picture: New Mediocre

The global expansion is now the longest in modern history. But this impressive record masks low and patchy growth, dismal productivity and clear polarization. Central banks only seem capable of periodically reviving asset prices and generating short bursts of ‘reflation’. Secular stagnation is also contagious, with the US dollar playing a central role.

01 Jul 2019 - Christopher Granville