Insights
Perspectives from NJR Partners
Concise macro and portfolio commentary from the NJR Partners investment team.
US midterm elections: market implications
Result Democrats won majorities in both the House of Representatives and the Senate, by margins larger than expected. The new Congress sits from 3 January 2027. Market reaction US equity futures fell overnight, then reversed. On 4 November…
Nigel Renton · 5 Nov 2026
Japan’s economic transformation
Japan’s economic transformation A Structural Regime Shift: Japan’s economic transformation has evolved beyond a simple cyclical recovery into a powerful, multi-year secular bull market. The structural transition is underpinned by the…
Nigel Renton · 25 May 2026
Managing Supply-Side Shocks and Portfolio Convexity
Macroeconomic and Financial Market Review: Our review of recent macroeconomic and financial market indicators highlights a global economy navigating a prolonged supply-side shock, characterised by the three-month closure of the Strait of…
Nigel Renton · 24 May 2026
Macroeconomic and Portfolio Construction Review
Summary: We remain positive. Global markets are weathering the complex backdrop of geopolitical tension in the Middle East, balanced against surprising resilience in US corporate fundamentals. Fed Transition: Kevin Warsh’s path to the Fed…
Nigel Renton · 26 Apr 2026