Prometheus Multi-Strategy Program
Strong NGDP, But Cautious On Equities?
The Prometheus Multi-Strategy Program is our primary offering to institutional investors. The Monitor is how we track and communicate the positioning and reasoning of the Prometheus Multi-Strategy Program. The program systematically trades in 47 global markets daily.
To complement our existing offering for individual investors, we offer excerpts and insights from The Monitor. If you are a professional investor and would like access to our real-time signals and analysis, email us at info@prometheus-research.com for more information.
Our observations are as follows:
The latest readings across our gauges of economic activity continue to suggest a strong nominal growth backdrop.
The inflation shock to the CPI remains elevated, and the rate of change remains downward.
Our macro market regime probabilities now show a dominance of a (+) G (+) I regime. Inflationary conditions persist in markets— but now with a rising growth bias.
While macro conditions continue to favor a pro-cyclical allocation, the Prometheus Multi-Strategy Program remains cautious about its equity exposures due to macro-mispricing risks. We scan through our macro monitors before diving into this thread.
We show our timely NGDP readings:
Next, we show our daily CPI estimates:
Further, we show our forward-looking market regime probabilities:
