Latest Research Articles

These articles set out current thinking amongst the investment team, economists and asset class specialists at Fulcrum.

Research Articles

How overvalued is the dollar?

How overvalued is the dollar?

June 11, 2019
A simple method to assess currency expected...
Are the Fed and financial markets “out of sync” again?

Are the Fed and financial markets “out of sync” again?

May 3, 2019
The drop in US equities and rise...
OTC Premia Paper

OTC Premia Paper

April 3, 2019
Paper by Gino Cendese (Fulcrum), Angelo Ranaldo...
Investing in an era of Normalisation

Investing in an era of Normalisation

July 25, 2018
The Discretionary View: Investing in an era...
Fulcrum Research: Mirror, Mirror, On the Wall, Which Bond Is the Fairest of Them All?

Fulcrum Research: Mirror, Mirror, On the Wall, Which Bond Is the Fairest of Them All?

January 8, 2018
European political risk dominated 2017, with the...
Winter is Coming: Turn Up the Central Bank Heat!

Winter is Coming: Turn Up the Central Bank Heat!

October 9, 2017
Government bond 10-year yields in the major...
Half-Year to Go: Beach-Ready Bond Workout!

Half-Year to Go: Beach-Ready Bond Workout!

July 25, 2017
Yields on benchmark 10-year government bonds in...
Have they really fixed financial instability?

Have they really fixed financial instability?

July 23, 2017
After the Great Financial Crash, the central...
Higher Yielding Emerging Markets: Missed the Boat?

Higher Yielding Emerging Markets: Missed the Boat?

June 28, 2017
The recovery of commodity prices last year...
Structural Drop in Treasury Demand: Any Buyers Out There?

Structural Drop in Treasury Demand: Any Buyers Out There?

May 17, 2017
As the Fed continues gradually to normalize...
The consequences of shrinking the Fed’s balance sheet

The consequences of shrinking the Fed’s balance sheet

May 16, 2017
The Federal Reserve is now actively considering...
Is US productivity (finally) perking up?

Is US productivity (finally) perking up?

May 4, 2017
The slowdown in productivity growth in the...