February 05, 2008

Over the years we have been advocating a cyclical, top down, asset allocation strategy. The essence of our approach is as follows: Macroeconomic economic shocks disturb an existing market clearing equilibrium. If costly, the adjustment to a new equilibrium will be gradual. An astute investor may take advantage of the adjustment process and devise an investment strategy to take advantage of the shock and equilibrium restoring process.

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format