Author Archives: Lenore Hawkins, Chief Macro Strategist

About Lenore Hawkins, Chief Macro Strategist

Lenore Hawkins serves as the Chief Macro Strategist for Tematica Research. With over 20 years of experience in finance, strategic planning, risk management, asset valuation and operations optimization, her focus is primarily on macroeconomic influences and identification of those long-term themes that create investing headwinds or tailwinds.
Weekly Wrap for June 8 2018

Weekly Wrap for June 8 2018

Most of the major US indices gained over the past week as did almost all sectors as of mid-day trading on Friday, with the exception of the Utilities sector, which lost around 3%. The economic data for the week came in mostly positive, but further reinforced the view that we are late in the business cycle. Things are heating up once again on the geopolitical front, which by the end of the week had investors back on the defensive.

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Weekly Wrap: With This Market, the Devil is in the Details

Weekly Wrap: With This Market, the Devil is in the Details

We remain concerned with the level of debt across all three components of the economy – government, corporate and households. Rates are rising and debt levels across the board are high which increases the risk of dramatic price movement, yet so many of those Baby Boomers heading into retirement have had to take on high levels of risk in their portfolios to boost returns. While true even in normal times, this is a market in which one must increasingly pay close attention to its underpinnings.

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WEEKLY WRAP: Buying the Next Dip Might Not Be the Best Strategy

WEEKLY WRAP: Buying the Next Dip Might Not Be the Best Strategy

This has been a market in which “Buy the dip” has been strongly rewarded, while value investing has been pummeled. Attempts at risk management have also been mostly brutally punished and we have about 3 million working in financial services who have never experienced a bear market. But with costs rising and market dynamics fundamentally changing, things are about to get real interesting.

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Fed Interest Rate Face-Off

Fed Interest Rate Face-Off

While the current administration has been looking to keep this economic cycle going much longer and even accelerating, the Federal Reserve is concerned that the cycle may be getting overextended and overheated, putting the central bank in a tough spot as it attempts to apply some interest rate brakes while fiscal policy lays on the accelerator.

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Q1 GDP Report Shows Infrastructure Investment Still Lacking

Q1 GDP Report Shows Infrastructure Investment Still Lacking

The first quarter GDP report revealed that the level of government investment in infrastructure remains historical lows, reducing productivity, thus lowering potential economic growth. The disregard for this vital part of the economy cannot continue indefinitely, which makes for a potential boon for those companies poised to benefit from the upcoming investment cycle.

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WEEKLY WRAP: Is the Best of This Business Cycle Behind Us?

WEEKLY WRAP: Is the Best of This Business Cycle Behind Us?

While earnings have been pretty fantastic, they are backward looking and many are starting to wonder if the best is behind us for this cycle. Investors are not responding positively to earnings strength, despite an earnings beat rate that has so far been the best since the turn of the century – talk about a “What have you done for me lately?” market mood.

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