All Access Week

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At Prometheus, we are committed to equipping our clients with the most granular, high-frequency, and actionable understanding of macro conditions in the industry. We offer our clients a range of research solutions, from big-picture macro themes to actionable trading signals. In the spirit of giving back to the community, we are excited to offer an All-Access week in our Institutional Services. Each day this week, we will unveil one product offering from our extensive Institutional Offering. If you’re interested in institutional access, please contact us at [email protected].

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Today, we share a note from The Observatory. The Observatory is how we at Prometheus monitor the evolution of the economy and financial markets in real-time. The insights provided here are slivers of our research process that are integrated algorithmically into our systems to create rules-based portfolios.

Our primary takeaways are as follows:

  • For the latest data through August, our systems place Real GDP growth at 4.01% versus one year prior. In April, GDP came in at -0.01% versus the prior month.
  • Consumption and government Expenditure have been the primary drivers of real activity over the last month, while business investment dragged on activity.
  • Looking forward, we expect to remain in a macro regime of high nominal GDP and above-target inflation. This expectation continues to favor pro-growth assets over anti-growth ones. Our Asset Allocation strategies will rebalance on Monday in a manner consistent with these expectations.

You can read all the data and analysis driving this assessment in the link below. Until tomorrow.

The Observatory- 05.28.2024

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