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Ella Hoxha

Newton Investment Management / BNY Investments
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Where they stand

Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.

BearThe Fed leaning · 2026-08-17
Ella Hoxha (Newton IM) tells Bloomberg the key bond-market fragility is deteriorating US fiscal data after this year's tariff unwinds.
perhaps one thing to mention is the deterioration on the fiscal side for the U.S. because of the tariff unwinds that we've seen this year.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @24:04 ↗
BullThe Fed leaning · 2026-08-17
Hoxha tells Bloomberg softer data and better inflation give bonds, especially the 2-5yr sector, support for the next couple of quarters.
I think for the next if you like couple of quarters you know you actually have some support for bonds coming through.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @24:58 ↗
HoldThe Fed leaning · 2026-08-17
Hoxha tells Bloomberg she expects the Fed to stay put given the recent mix of data.
our anticipation is that the Fed will stay put particularly given the mix of the data that we've had more recently.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @25:26 ↗
BearThe Fed leaning · 2026-08-17
Hoxha tells Bloomberg capex and fiscal concerns keep pressure on the long end, so curves stay steeper for the foreseeable future.
So capex should stay in the pipeline for the foreseeable future. So I think that will keep pressure on the long end combined with this with this fiscal concerns that bond investors have as well. So all those equal curves should stay steeper for the foreseeable future.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @25:58 ↗
NeutralThe Fed hedged · 2026-08-17
Hoxha tells Bloomberg she expects a neutral, non-committal message from the Fed chair at Jackson Hole.
I suspect neutrality perhaps is the better expectation that might be coming forward.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @26:44 ↗
BullThe Fed leaning · 2026-08-17
Hoxha tells Bloomberg Newton is closing part of its duration underweight but is not yet neutral.
We're actually starting to close a lot of that underweight. In fact we've reduced some of it. We're still not close enough to neutral
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @27:59 ↗
BullThe Fed leaning · 2026-08-17
Hoxha tells Bloomberg there is a window to own bonds over the next few quarters as protection against AI-trade jitters.
I think there is a window here to own bonds over the next few quarters and mostly because of all this A.I. chatter that we have in markets
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @28:28 ↗
BullEurope leaning · 2026-08-17
Hoxha tells Bloomberg European assets (equities, credit, core bonds) look more interesting now that the ECB has already moved.
from a central bank policy stance Europe looks a bit more interesting now in terms of owning assets
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @29:22 ↗
NeutralThe Dollar leaning · 2026-08-17
Hoxha tells Bloomberg the BOJ will hike but will not outpace market pricing.
I believe they will. Will they outpace market pricing. I don't think so. I don't think it's in their interest to do so.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @30:34 ↗
BullThe Dollar leaning · 2026-08-17
Hoxha tells Bloomberg the yen is more likely than not to trade stronger over the next 12 months.
But I would say more likely than not that we see yen trade stronger over the next 12 months.
Ella Hoxha · Newton Investment Management / BNY Investments · https://www.youtube.com/watch?v=oDCp6jUzAl4 @31:12 ↗

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