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
Renewed Interest in Chinese Assets
Investors seek Chinese financial assets once again, but the same headwinds persist. What is happening to Chinese assets? Nascent recovery. Following the PBoC's yuan devaluation in August 2015, a slew of disappointing economic indicators in January stoked fears about the Chinese economy. These fears aggravated emerging market currency outflows, causing the yuan to depreciate nearly 4% and ..
Oil Ends Bull Run
Market risk aversion and oil oversupply cause benchmark prices to ebb from their August rally. What is driving oil prices lower? Anticipation of U.S. rate hikes. Following last week's minutes release and hawkish Fedspeak over the weekend, benchmark oil prices ended their 10% rally in August, falling 3% on Monday. If Chair Yellen's speech this ..
Fed to Drive Week Ahead
Speculation about U.S. monetary policy will dominate discussion this week, followed by economic indicators in the Eurozone and a potential rate cut in Turkey. U.S. policy drives sentiment. In the wake of last week's policy minutes, investors anticipate Chair Yellen's speech at Jackson Hole this Friday. The Fed's July minutes reaffirm that the Bank is ..
Fed Sees Diminished Risks
Resilience in the financial and labor markets since the Fed’s June meeting support a more upbeat assessment of the U.S. economic outlook and increase the likelihood of a rate hike in the Fed’s September meeting. How healthy is the U.S. economy? Labor market resilience. After May’s abysmal non-farm payrolls report, U.S. employment ..
Preventing Stagflation in Britain
In the wake of June’s Brexit decision, the U.K. economy faces a heightened risk of stagflation. Uncertainty about the country’s future dampens output and deters investment, weighing on GDP. At the same time, the weak pound drives domestic prices higher, causing inflation. Since June, the pound has tumbled from a peak ..
Taking Advantage of Fiscal Space
Glenn Stevens, the outgoing governor of the Reserve Bank of Australia, urged the country in his final speech last week to boost fiscal stimulus and structural reforms. Like many economies, Australia has largely relied on monetary stimulus to spark growth in the post-crisis era. However, as the marginal benefit of ..