Our three decades of experience providing independent macro research to investors underpins everything that we do at TS Lombard. We combine global macro themed and deep understanding of key countries to deliver a unique globally-consistent approach, as such our macro strategy recommendations at a regional or sector level always reflect the implications of 'big-picture' macro analysis of global themes. Unlike other researchers who specialise in a specific geography or sector, our outputs benefit from the full spectrum of knowledge from across our entire organisation,  both our macroeconomic research hub in London and our local teams across the world. This allows us to understand how events or flows at the global level will impact on individual economies and investments.

We provide confident insights into shifting global macro trends, the timing of turning points and how they will unfold at regional and country level. Our analysis is based on a deeper understanding of the implications of political and economic events and the interconnectedness of the global economy.

 

Our Approach to Macro Research

Our research team scouts the global economy for emerging macro trends and then explores how they impact individual countries and global markets. As a company, it’s in our nature to question things and look for those places where risk and opportunity may be understated or overstated. We do this by considering the fundamental building blocks of economic forecasting – sectoral balances, financial flows, and money and credit growth. Vitally, we look at these economic drivers through the frame of our global economic, policy, and political knowledge, which is outside the range of vision of many forecasters. We also build proprietary models and processes to monitor global leading indicators, macroeconomic indicators and financial flows.

This allows us to deliver actionable, courageous views that takes the full macro picture into consideration.

 

Our Services

Our macroeconomic research expertise underpins all of our three research services: Global Macro, China and Global EMs and Global Strategy.

Our Track Record

We take great pride in our 30 year track record of macro research and global macro strategy, and we believe that our past calls speak for themselves.

Recent Research Examples

Macro Research
16 Sep 2021

UnlockJob market view of EA recovery

Continuous employment gains amid unwinding policy support is the acid test of the EA recovery.

READ ME
Macro Research
09 Sep 2021

UnlockMinsky moment for central banks

There is no prospect of repeating the Great Inflation. The bigger risk is central banks not holding their nerve.

READ ME
Macro Research
13 Sep 2021

UnlockUK "fiscal taper" is a policy misstep - but is unlikely to cost much

UK ‘fiscal taper’ is a political move that makes little macro sense.

READ ME
Macro Research
07 Sep 2021

UnlockS&P 50p/c above trend - ROI 1pct & risky

The good news is that reversion to mean in the US stock market does happen. The bad news is that the reversion only happens with a very long cycle of 30-plus years.

READ ME

Our Global Macro team

Chief Economist
Charles Dumas, Chief Economist, Macro Thought Leader

Charles Dumas

Show Profile
Chief EM Economist
Lawrence Brainard, Chief EM Economist, Macro Thought Leader

Larry Brainard

Show Profile
Chief US Economist
Steven Blitz, Chief US Economist, Macro Thought Leader

Steven Blitz

Show Profile
MD, Global Macro
Dario Perkins, Global Macro Thought Leader

Dario Perkins

Show Profile
MD, Global Macro
Shweta Singh, Global Macro Thought Leader

Shweta Singh

Show Profile
Senior Economist
Konstantinos Venetis, Macroeconomic analyst

Konstantinos Venetis

Show Profile
Senior Analyst, India
Shumita Sharma Deveshwar, Macroeconomic analyst, India

Shumita Sharma Deveshwar

Show Profile
Senior Economist, Europe
Davide Oneglia, Macroeconomic analyst, Europe

Davide Oneglia

Show Profile
Analyst, Russia
Madina Khrustaleva, Macroeconomic analyst, Russia

Madina Khrustaleva

Show Profile
Economist, China
Rory Green-3

Rory Green

Show Profile
Analyst, Brazil
Wilson Ferrarezi, Macroeconomic analyst, Brazil

Wilson Ferrarezi

Show Profile
Analyst, South East Asia
Krzysztof Halladin, Macroeconomic analyst, S.E. Asia

Krzysztof Halladin

Show Profile
GEOPOLITICS

Politics and government policy are increasingly significant macro strategy drivers, and our world-wide team of geopolitical analysts are able to provide critical, timely insights into political shocks and policy developments that will influence macroeconomic investment performance - both regionally and globally.

FIND OUT MORE
INVESTMENT STRATEGY

Using the wealth of macroeconomic and geopolitical insights at our disposal, our team of macro strategists are able to provide actionable, unbiased implications for global markets, including asset allocation, investment positioning and cross asset portfolio risk management.

FIND OUT MORE