Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Latest Fed Policy Guidance Signals Green Light for Melt-Up in US Risky Assets

Controlling US Financial Conditions: Looming Battle Between the Fed and Treasury

The Fate of Quantitative Tightening: Not Solely in the Hands of the Fed

Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Macroeconomics

<ul>
<li>Fed Chairman Powell offered markets a modestly dovish overview of the policy outlook after this week's FOMC meeting, notably the more aggressive tapering of quantitative tightening.</li>
<li>US corporate profit results for Q1 have been respectable compared to the previous decade, but revenue performance has been below par. Operating margins are holding up well.  </li>
<li>Analysts remain buoyant about the profit outlook for 2024 and next year, despite the Fed's higher for longer approach, thereby suggesting that equity returns will be largely earnings-driven.</li>
</ul>


Fed Chairman Powell offered markets a modestly dovish overview of the policy outlook after this week's FOMC meeting, notably the more aggressive tapering of quantitative tightening.
US corporate profit results for Q1 have been respectable compared to the previous decade, but revenue performance has been below par. Operating margins are holding up well.  
Analysts remain buoyant about the profit outlook for 2024 and next year, despite the Fed's higher for longer approach, thereby suggesting that equity returns will be largely earnings-driven.


Dovish Fed Policy Statement and Respectable Corporate Profits: Both Supportive for US Equities