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Independent Strategy adds value to its clients by seeking out investment themes and opportunities in Macro Investments, often challenging conventional wisdom.

Too often investment research is constrained by the narrow focus of the research provider, but we seek to create a cohesive global view. We are compact and flexible enough to respond quickly to an ever-changing investment scene.

The research is designed to benefit both short-term and longer-term strategic thinking. It carefully studies geo-political and economic events, while looking for breaks in historical trends to uncover investment opportunities.

RESEARCH

We produce 60-70 reports a year on investment strategy, dealing with multiple investment topics. The scope of the research is global.

PORTFOLIO ADVISORY

After due consultation with the client, we devise a dedicated investment benchmark and country allocation policy for a portfolio of assets.

ALTERNATIVE INVESTMENTS

Alternative investments are becoming an increasingly important part of institutional investors’ portfolios.

Latest Reports

17/09/20
US US

Future nostalgia

The Fed’s new monetary policy framework looks aggressive in some ways. It allows the FOMC to pursue average inflation targeting…

16/09/20
US US

The blank sheet

It is hard to say much about the upcoming US elections. Biden is so bland as to be much like…

11/09/20
Europe Europe

Lagarde’s real vision

The primary focus of the ECB remains on fostering a sustainable recovery. The current policy stance fits with that. And…

US

17th September, 2020 » Future nostalgia

The Fed’s new monetary policy framework looks aggressive in some ways. It allows the FOMC to pursue average inflation targeting and run the labour market hotter to facilitate this. But their revised economic projections show that meeting these goals remain as far away as ever. The pandemic has not changed this yet. If the Fed is serious, it’ll need to pursue policy more aggressively. No new stimulus measures now mean it will have to do more later. That’s why the FOMC meeting was dovish. And why we will continue to live in a weak dollar world.

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US

16th September, 2020 » The blank sheet

It is hard to say much about the upcoming US elections. Biden is so bland as to be much like the blank sheet of paper: you can write anything or nothing. Trump’s main talent is normalising his unpalatable behaviour and the tired public perception of it, that would have him thrown out of office in any functioning democracy. So, the electoral issue is whether enough of America will vote for Biden to get rid of Trump, which is another thing altogether than voting for Biden because he inspires. We have a personal and unscientific conviction that this will happen.

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Europe

11th September, 2020 » Lagarde’s real vision

The primary focus of the ECB remains on fostering a sustainable recovery. The current policy stance fits with that. And so does a strong euro. We remain long euro versus the US dollar.

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Independent means just that

Objective + Innovative + Opportunity

Our research is based on a thoroughly objective view of the world as it is, not as some might like it to be seen.

Our work is characterised by independence of thought and a determination to focus only on money making ideas, resulting in a totally fresh and original approach compared with the overwhelming volume of reports by integrated investment houses.

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In the Media

25 years of Strategic Independence|Regulated and authorised by the Financial Conduct Authority

MACRO MATTERS

Global

16th September, 2020 » Mobility and economic activity indexes

These indices measure the level of activity as measured against the pre-pandemic level using the Google Mobility Indexes as adjusted by Independent Strategy.  Activity is an average of the economic and mobility measures.  The data are weighted and averaged over seven days to define the trend.  The data runs through to 11 September.  The current deviation from where things stood pre-crisis is shown in Figure 1.

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Technicals

15th September, 2020 » IS Weekly Technicals – 15th September

Chart pack and analysis attached.

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Technicals

8th September, 2020 » IS Weekly Technicals – 8th September

Chart pack and analysis attached.

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AWARD WINNING, EXPERIENCED, DEDICATED EXPERTISE

MEET THE TEAM

Independent Strategy: David Roche David Roche President and Global Strategist
Independent Strategy: Guido Manca Guido Manca Chief Executive Officer
Independent Strategy: John Armstrong John Armstrong Managing Director
Independent Strategy: James Lister-Cheese James Lister-Cheese Strategist and Director
Independent Strategy: Nick Kennedy Nick Kennedy Chief Economist
Independent Strategy: Bob McKee Bob McKee Consultant Economist

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REPORTS ARCHIVE

The reports archive contains chronological lists of articles that have been written by Independent Strategy. Independent Strategy’s research is available by annual subscription. For details of subscription rates and soft dollar payments, please contact Independent Strategy by using the contact form.

REPORTS ARCHIVE