systematicwe systematically uncover and explore connections between global macroeconomic conditions and financial markets.
fundamentalwe focus on fundamental data because we believe shifts in macroeconomic conditions drive the relative performance of markets.
scientificwe approach investing and data modeling using the scientific method — observe, hypothesize, test, iterate.
our philosophywe believe fundamental, macroeconomic shifts drive markets over the medium-term we search for connections in macroeconomic and financial data that move markets across economies and time. through advanced data analytics and machine learning, we are able to see patterns that others do not. our quantitative assessment of economies is shaped by our own intuitive, fundamental understanding of how markets and economies behave.
who we arewe believe the best ideas emerge from a diversity of thought and experience r-squared combines the brightest minds from various academic and professional fields to question assumptions, solve problems, and challenge convention. by approaching problems differently and without bias, we derive novel solutions and generate lasting value for our clients.
we are diverse curious driven
our researchexplore our daily research, covering major macroeconomic and financial developments across 40 major markets
Fed Effectively Communicates
The Fed effectively communicates a forthcoming rate hike without derailing risk sentiment in September. What happened? Divided Fed. Amidst growing inflation pressures and waning external risks, three members of the FOMC voted for a rate hike in September. Although the Fed maintained its benchmark rate this month, the Bank's more hawkish policy statement suggests a ..
Fed and BoJ Dominate Week Ahead
The Federal Reserve and Bank of Japan's September policy meetings will shape markets this week. U.S. The Fed meets on Wednesday following mixed economic indicators in August. Supporting the case for rate normalization, August core consumer price inflation increased 2.3% year-over-year, more than expected. Furthermore, external risks continue to diminish; Brexit ..
Oil Oversupply Continues
The global oil glut will likely continue, complicating Fed policy and prompting cooperation among producers. What is happening in oil? Enduring oversupply. As projected by the International Energy Agency (IEA), oil supply will continue to outpace demand for the fourth consecutive year, driving stockpile accumulation into 2017. Technological advancements have allowed producers ..
China’s FTZ Balancing Act
The Chinese government balances globalization with maintaining economic control. How has policy changed? Trade zone expansion. The Chinese government has added seven inland provinces to its Free Trade Zone (FTZ) program. The new, strategically located provinces will capitalize on regional-specific advantages while addressing global demand; for example, Zhejiang, a coastal region, will facilitate global commodities ..
Policy Inaction Thwarts Market Rally
Disappointments in European monetary policy thwart market optimism heading into the week. Eurozone. Over the past several months, expectations for central bank easing have curbed market volatility. In particular, expectations that the ECB would cushion slowing economic growth has kept equities buoyant. Against this backdrop, the ECB's decision to maintain policy last ..
RBA Hesitation Highlights Global Disinflation
The Reserve Bank of Australia's decision to retain policy highlights the uncertain outlook for developed market inflation. What did the Reserve Bank of Australia do? Maintains rates. In the wake of two cuts this year, the RBA maintained interest rates on Tuesday. Although this policy event is not notable in itself, the RBA's hesitance to keep easing reflects uncertainty ..