Macro Strategy Insights

Academy’s Macro Strategy department is led by Peter Tchir and is designed to help companies and investors navigate markets and the economy by creating content that analyzes developments in a provocative way.

Our coverage focuses on fixed income and credit markets and harnesses Peter’s experience as a trader and portfolio manager.  Academy’s Macro Strategy content challenges existing consensus views and incorporates ESG and Geopolitical analysis in a way that helps clarify how world events affect the unique individual objectives of our clients and partners.

Peter Tchir has been advising asset managers and corporations since 2009. He has traded and structured a wide variety of fixed income products, including synthetic CDO’s, high yield bonds, aircraft leases, indices, and fixed income ETFs. That experience helps provide unique insights into the markets via the “T-Report” and frequent appearances on various financial markets networks.

Recent Pieces

2022

DEFCON 2

June 19, 2022

Sunshine In My Pocket

May 30, 2022

We Laughed, We Cried

May 22, 2022

Duck and Cover

May 8, 2022

Bad to the Bone

May 1, 2022

Is the Worst Behind Us?

April 28, 2022

Welcome to Thunderdome!!!

April 17, 2022

What A Mess!

March 24, 2022

Weekend War Report

April 8, 2022

Collecting Our Thoughts

March 27, 2022

Who Needs Who

March 20, 2022

STUNNING!

March 3, 2022

Shock and Flaw?

February 25, 2022

From Worse to Awful

February 24, 2022

District 12

February 22, 2022

Post Biden – Updated Stance

February 18, 2022

Failure To Launch

January 30, 2022

The Year Changed Again

January 23, 2022

FEAR

January 6, 2022

The 2022 Outlook

January 2, 2022

2021

2020

2019

2018

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Important Disclosures

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

Views and opinions expressed are for informational purposes only and do not constitute a recommendation by Academy Securities to buy, sell, or hold any security. Views and opinions are current as of the date of this presentation and may be subject to change, they should not be construed as investment advice.

This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Academy Securities and is not financial research nor a product of Academy Securities. It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Academy Securities. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Academy Securities has no obligation to provide any updates or changes.

Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. These forecasts do not take into account the specific investment objectives, restrictions, tax and financial situation or other needs of any specific client. Actual data will vary and may not be reflected here. These forecasts are subject to high levels of uncertainty that may affect actual performance. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. These forecasts are estimated, based on assumptions, and are subject to significant revision and may change materially as economic and market conditions change. Academy Securities has no obligation to provide updates or changes to these forecasts. Case studies and examples are for illustrative purposes only.

Index Benchmarks

Indices are unmanaged. The figures for the index reflect the reinvestment of all income or dividends, as applicable, but do not reflect the deduction of any fees or expenses which would reduce returns. Investors cannot invest directly in indices.

The indices referenced herein have been selected because they are well known, easily recognized by investors, and reflect those indices that the Investment Manager believes, in part based on industry practice, provide a suitable benchmark against which to evaluate the investment or broader market described herein. The exclusion of “failed” or closed hedge funds may mean that each index overstates the performance of hedge funds generally.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.