All research

Research Members

A Regime Map for Real Rates

Positioning across the four growth/inflation quadrants

14 min read4 August 2026

Most allocation debates are really disagreements about which quadrant we are in. This piece builds an explicit map of growth and inflation surprises, shows historical asset behaviour in each, and derives a portfolio that does not require you to be right about the regime.

Read the rest with an email address

Members get the full piece — the model, the sizing rules and the falsifiers. There is no password to create and nothing shared with a third party.

No password to remember or leak, and no third-party account required — we only ever see your email address.

macroasset allocationinflation