Providing Market Insights to C-Suite Executives
Exemplifying MUFG’s commitment to clients as a trusted advisor, MUFG’s Capital Markets Strategy team provides C-suite executives (Board, CEO, CFO, Treasury) insights to anticipate, understand, and respond to important global market, economic and policy developments.
Unlike traditional Wall Street research, MUFG’s Capital Markets Strategy team maintains a dedicated focus on the needs of corporate clients, analyzing key themes that impact business strategy, funding and hedging.
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For more information, contact us.
Tom Joyce
Managing Director
tom.joyce@mufgsecurities.com
Hailey Orr
Director
hailey.orr@mufgsecurities.com
Stephanie Kendal
Associate
stephanie.kendal @mufgsecurities.com
Market Publications
| Date | Title | Link |
|---|---|---|
| 03/06/2023 | The World's Largest Legislative Body Consolidates Political & Economic Power | Learn More |
| 03/02/2023 | Insufficiently Restrictive FED Funds Still Negative on Real Basis | Learn More |
| 03/01/2023 | New Issue Markets Off to Strong Start | Learn More |
| 02/24/2023 | Markets One Year After Russia's Feb 24 Invasion | Learn More |
| 02/23/2023 | Lowest NYC Snowfall in 150 Years | Learn More |
| 02/20/2023 | Counterintuitivity (European Gas Prices and Growth Rates) | Learn More |
| 02/15/2023 | Retail Sales Rebound Sharply from Cool December | Learn More |
| 02/14/2023 | Sticky & Non-Linear | Learn More |
| 02/09/2023 | Labor Markets Provide Buffer for Recession Timing | Learn More |
| 02/08/2023 | Consumer Debt to GDP Well Below GFC Levels | Learn More |
| 02/01/2023 | Manufacturing Recession Already Upon Us | Learn More |
| 01/24/2023 | This Time is Different | Learn More |
| 01/23/2023 | Wider Range for USD Credit Spread in 2023 | Learn More |
| 01/13/2023 | Summary Conclusions for 2023 | Learn More |
| 01/12/2023 | Technical Demand for Corporate Credit Remains Strong | Learn More |
| 01/11/2023 | Consecutive Down Years are Rare for Equities | Learn More |
| 01/06/2023 | Monetary Policy Operates with a Lag | Learn More |
| 01/04/2023 | Better Macro Backdrop in 2023 | Learn More |
| 12/22/2022 | China's Complicated COVID Unwind Integral to 2023 Outlook | Learn More |
| 12/21/2022 | Resilient Growth in the Face of Recession | Learn More |
| 12/20/2022 | Unexpected BOJ Policy Pivot Reinforces New Regime for Global Policy & Markets | Learn More |
| 12/19/2022 | Corporate Credit Spreads Rarely Peak in Advance of Recessions | Learn More |
| 12/16/2022 | Female Labor Force Participation Peaked in 1999 | Learn More |
| 12/13/2022 | Disinflation Broadening | Learn More |
| 12/12/2022 | The Importance of Funding Early in 2023 | Learn More |
| 12/06/2022 | Historic Intervention in Global Energy Markets | Learn More |
| 12/02/2022 | Global YC Inversion Joins U.S. in Signaling Recession | Learn More |
| 12/01/2022 | November Bear Market Rally Brings Some Relief | Learn More |
| 11/29/2022 | U.S. Leading Indicators Decline 8 Straight Months | Learn More |
| 11/18/2022 | Resilient U.S. Consumer | Learn More |
| 11/17/2022 | Glass Half Full or Empty | Learn More |
| 11/15/2022 | US Middle Class Wealth Surged During COVID | Learn More |
| 11/10/2022 | Breaking Down the October US Inflation Report | Learn More |
| 11/08/2022 | Markets Life Divided Government | Learn More |
| 11/03/2022 | Higher for Longer Rates Narrative | Learn More |
| 11/02/2022 | Key Voter Issues in the 2022 Midterm Elections | Learn More |
| 10/28/2022 | 36 of the Last 39 US Midterm Elections | Learn More |
| 10/26/2022 | European Energy Prices Moderating | Learn More |
| 10/25/2022 | Corporate Balance Sheets Strong but Not as Strong | Learn More |
| 10/15/2022 | Nearly Entire UST Curve Now Above 4% | Learn more |
| 10/13/2022 | China Unlikely to Provide Counter-Cyclical Buffer for Global Economy | Learn more |
| 10/11/2022 | End of an Era | Learn more |
| 10/6/2022 | The Cost of Climate | Learn more |
| 10/5/2022 | The Next Shoe to Drop | Learn more |
| 9/29/2022 | Highly Correlated “Risk-Off” Global Markets | Learn more |
| 9/27/2022 | Synchronicity | Learn more |
| 9/19/2022 | Stunning Move in 2 Year UST Yields | Learn more |
| 9/15/2022 | Sticky Inflation | Learn more |
| 9/12/2022 | Q1 2023 May be the Low Point | Learn more |
| 9/9/2022 | Businesses Fear Rapid Economic & Policy Tightening | Learn more |
| 9/7/2022 | The Sahm Rule | Learn more |
| 9/6/2022 | Challenging Year for Consensus Forecasts | Learn more |
| 8/24/2022 | Global Markets 6 Months After Russia’s Feb 24 Invasion | Learn more |
Policy Notes
| Date | Title | Link |
|---|---|---|
| 01/18/2023 | Downside and Upside Risks for 2023 | Learn More |
| 01/17/2023 | Summary Conclusions on the Fed and Inflation in 2023 | Learn More |
| 10/31/2022 | Legislative and Policy Implications of the US Midterm Elections | Learn More |
| 10/20/2022 | Services Inflation Remains the Primary Concern | Learn More |
| 8/15/2022 | Breaking down the $740 bn Inflation Reduction Act & the $280 bn CHIPS and Science Act | Learn more |
| 6/3/2022 | The EU's 6th Sanctions Package | Learn More |
| 5/13/2022 | Looking “Under the Hood” (The Transition from COVID to Conflict Inflation) | Learn more |
| 5/11/2022 | Detailed Inflation Breakdown by Category | Learn more |
| 5/5/2022 | Record Supply Side Delays Continue | Learn more |
| 3/22/2022 | SEC Issues Highly Anticipated Climate Disclosure Rule Proposal | Learn more |
| 3/7/2022 | Investors Incorporating Russia into ESG Agenda | Learn more |
| 2/28/2022 | Sanctioning the Central Bank of Russia (CBR) | Learn more |
| 2/26/2022 | Why the West is Hesitant to Deny Russia Access to SWIFT, and How that May Change | Learn more |
|
1/27/2022 |
Labor Market Shortages | Learn more |
| 1/20/2022 | The Implications of De-Globalization | Learn more |
| 1/14/2022 | Key Risks to Watch in 2022 | Learn more |
| 12/30/2021 | Remarkable 2021 Recovery Sets Backdrop for 2022 | Learn more |
| 11/30/2021 | What to Watch with the Omicron Variant | Learn more |
| 11/2/2021 | Evolving Expectations for US Tax Code Change | Learn more |
| 9/28/21 | President Biden Fed Appointments in the Weeks Ahead | Learn more |
Speaking Requests
The Capital Markets Strategy team is available to speak at corporate client events, both in person and via video conference. Hundreds of such events in recent years include:
- Corporate Board meetings
- CEO Executive Committee presentations
- Chief Financial Officer global finance team presentations
- Global treasury and town hall meetings
- Global leadership off-sites
- Trade association meetings
- Conferences
- Corporate dinners
- Private Equity partnership gatherings
- Private Equity portfolio company meetings
To request an event, please contact the Capital Markets Strategy Team directly at CMGStrategy@mufgsecurities.com
Team Bios
 |
Tom Joyce Managing Director Capital Markets Strategist New York, NY Tom.Joyce@mufgsecurities.com |
Tom Joyce is a Managing Director and Capital Markets Strategist within MUFG’s global capital markets and investment banking business. Based in New York, Tom heads a team that creates customized analytical content for multi-national S&P 500 companies. His team provides in depth analysis on the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Tom has over 25 years of Investment Banking experience in New York, London, Hong Kong, and San Francisco. Over the last 15 years, Tom created and built the Capital Markets Strategy role, advising corporate C-Suite executives (Boards, CEOs, CFOs, and Treasurers) on the pervasive macro forces driving markets. Tom also presents at dozens of corporate events each year including Board meetings, CEO ExCo sessions, CFO and Treasury off-sites, corporate leadership events and conferences.
Tom’s educational background includes a year of study at Oxford University from 1991 - 1992, a Bachelor of Arts in Political Science from Holy Cross College in 1993, and a MBA from Kellogg Business School, Northwestern University in 2000.
Tom resides in New Canaan, CT with his wife and four sons, where he coaches youth basketball and serves on the Board of Trustees of the New Canaan Library, the Board of the New Canaan Football (Soccer) Club and the Holy Cross College President’s Council.
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Hailey Orr Director Capital Markets Strategist New York, NY Hailey.Orr@mufgsecurities.com |
Hailey Orr is a Director in MUFG’s Capital Markets Strategy group within the global capital markets and investment banking business. The team provides market based content for corporate clients to assist in strategic decision making. Focus areas include the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Hailey has a decade of Wall Street experience, including three years as a Consumer Sector Specialist in Equity Sales and seven years as a Capital Markets Strategist. Hailey is also a member of MUFG’s Inclusion & Diversity Council and has devoted years to participating in and developing Wall Street recruiting programs.
Hailey graduated with honors from the University of Michigan’s Ross School of Business with a BBA and a minor in International Studies.
In March 2020, Crain’s New York Business Magazine named Hailey one of the “Rising Stars in Banking and Finance”.
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Stephanie Kendal Associate Capital Markets Strategist New York, NY Stephanie.Kendal@mufgsecurities.com |
Stephanie Kendal is an associate in MUFG’s Capital Markets Strategy group within the global capital markets and investment banking business. The team provides market based content for corporate clients to assist in strategic decision making. Focus areas include the impact of economic, political, public policy and regulatory dynamics on the US credit, foreign exchange, rates and commodities markets.
Stephanie has spent over three years as a Capital Markets Strategist. At her prior firm, Stephanie was a part of the Americas Women’s Network Junior Council and was an active member of the University of Michigan recruiting team.
Stephanie graduated with honors from the University of Michigan’s Ross School of Business with a BBA .