Omega Point Blog

Macro Research

Watch the Tails: Expanding our Macro Detection Palette

May 09, 2021

Last week, we delved into ‘when’ macro matters by using the Axioma Macro Projection Model to identify historical periods when macro factors drove US equity volatility. This approach highlighted the Sovereign Debt Crisis in 2012 and the COVID market downturn as periods when macro factors became the leading contributors to volatility in the Russell 1000 Index. We also observed evidence of macro...

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Kevin Wahlberg
Kevin Wahlberg

Marrying Macro and Fundamental Models

May 02, 2021

Hi there,

Last week, we established that Macroeconomic factors appear to show a meaningful explanatory power over sectors such as Energy, Financials, and Real Estate. We concluded our analysis by noting that incorporating macro factors into the investment process shouldn’t be disruptive, but can actually be supportive. This week, we continue our examination to demonstrate how both macro &...

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Chris Martin
Chris Martin

Macro Matters, Even for Fundamentalists

April 25, 2021

Fundamental and macro-oriented strategies have traditionally been separate and distinct styles of investing. Fundamental managers take a bottoms-up approach to identify companies that they believe are poised for future success or failure while macro managers employ more of a top-down view to isolate broader economic trends and then select those stocks which stand to be most impacted.

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Kevin Wahlberg
Kevin Wahlberg