Research & Insights
A Return to Monetarism?
This paper examines the renewed relevance of money supply in monetary policy, arguing that monetary aggregates can provide valuable signals for forecasting economic growth and inflation.
No, Stocks Aren't in a Valuation Bubble — Not Even Close
One common refrain in markets and media is that “stocks are expensive” with some even calling today’s market a speculative bubble.
Tech Trumps Tariffs: US Exceptionalism and the AI Productivity Boom
While the consensus market outlook since the April 2nd “Liberation Day” tariff shock has been pessimistic about the US economic outlook.
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Independent Research. Differentiated Insights.
Hudson Bay’s research reflects our belief that rigorous inquiry strengthens investment outcomes and deepens our understanding of markets. We combine academic collaboration, proprietary analytics, and multidisciplinary perspectives to enhance risk management and generate differentiated insights.
Rather than a single “house view,” we publish perspectives developed and tested across voices and disciplines.
Academic Collaboration
We partner with leading academics and researchers on portfolio construction and risk measurement, including published work with Nobel laureate Harry Markowitz. This research contributed to the development of the patented Gerber Statistic, designed to address limitations of traditional correlation-based risk measures.
Deep Dives
Deep Dives feature conversations with colleagues, investors, academics, strategists, and other thought leaders on the forces shaping global markets and policy. These discussions span financial markets, geopolitics, and economic policy, offering perspectives that help clarify an increasingly complex landscape.
Market Research
Our strategists publish white papers examining structural forces shaping market dynamics and the evolving investment landscape.
