Skip to content

Supercharge
Your Investing

Get personalized research and insights to help make better investment decisions.

Explore Research

Our Process

Null Hypothesis Test

Conduct research only after disproving its null hypothesis

Awe-inspiring Dataset

A dataset comprising economic parameters, company financials, and proprietary indicators going back up to 2 centuries.

Impeccable research

Easy to understand, first principle research to support your investment decisions

Our Research Coverage

Airtham’s multifaceted research approach emphasizes a top-down perspective, always beginning with analysis of macro before going deeper into individual financial assets.

US Macro

Insights and the analysis of US macroeconomic forces and their implications for various assets

India Macro

Unique analysis of Indian macroeconomic data and its implications for capital markets

Global Macro

Macroeconomic research covering major world economies such as China , Japan, EU etc and their impact on global capital markets

Equity Markets

Automated AI-driven top-down research of individual US & Indian equities. Publication of "Do-Not-Buy" Lists & Buy recommendations

Asset Allocation

Macro-led asset allocation research encompassing equities, debt, currencies & commodities

Commodities

Macro-driven research of commodities with an objective to determine medium to long-term price forecasts

Our Latest Insights

View All
temp employment sep 2023 10-5x6-5 airtham

Can US Skip the Recession?

September 6, 2023 / Shail Apte
The most recent labor market data paints a concerning picture of overall weakness. Typically, the effects of changes in interest rates take some time to ripple through the economy. Historically, this lag has been around 18 months. Interestingly, this pattern held true as, precisely 18 months after the initial rate hike in March 2022, we are now witnessing the visible impact this month. The Federal Reserve consistently raised rates throughout 2022, suggesting that the consequences of these consecutive hikes will continue to materialize as the year unfolds.
Read More
shiller pe and inflation aug 2023 10-5x6-5 usa airtham macro sp500 usa

SP500 & Inflation Update: Aug 2023

August 11, 2023 / Shail Apte
Airtham Macro Research: The July headline CPI release followed predictions of a slight increase, yet the actual magnitude was less significant than anticipated. This outcome sparked optimism within the market, leading to a surge in activity and speculation of a potential pause in rate hikes. However, this optimistic rally was short-lived as market participants quickly adjusted their expectations. The weaker-than-expected inflation reading meant a potential decline in economic demand. This perspective gains support from jobless claims data released a few days back, that showed claims rising to a 1.5-year high. Consequently, there's now a debate over whether further inflation reduction is beneficial or detrimental to the markets.
Read More
federal tax receipts jul 2023 10-5x6-5 airtham macro

What’s Happening to US Tax Receipts?

July 25, 2023 / Shail Apte
One of the most crucial indicators for gauging the health of a country lies in its government tax receipts. When tax receipts rise in tandem with economic growth, it signals a thriving nation. Conversely, economic downturns often witness an accompanying decline in tax receipts. However, what's truly concerning is when tax receipts decline despite a healthy and expanding economy.
Read More
sp500 shiller pe inflation july 2023 10-5x6-5 airtham macro usa

S&P500 Shiller PE Vs Inflation: July 2023 Update

July 14, 2023 / Shail Apte
The latest inflation data for June indicates a significant decrease in inflation across various components, which has led to a surge in market indexes. The current conditions are favorable for a market rally. On one hand, the economy is stable, with record-low unemployment rates and expanding GDP. On the other hand, inflationary pressures are easing, resulting in increased asset valuations across the board.
Read More
fii sectorial flows june 2023 july 2023 airtham 10-5x6-5

FII Sectorial Flows India: June 2023 Update

July 11, 2023 / Shail Apte
India has experienced a consistent influx of positive FII flows over the past four months, and it appears
Read More
copper to gold ratio 10 year yield july 2023 10-5x6-5 airtham

Predicting Bond Yields with Copper-to-Gold Ratio

July 5, 2023 / Shail Apte
The relationship between the copper-to-gold ratio and the 10-year US Treasury yield has been extensively studied due to its predictive potential for yields. This relationship stems from the distinct characteristics of copper and gold in response to the business cycle.
Read More