Growth Stocks Aren’t Out of The Woods Yet

The change in equity market leadership looks ever more pronounced in terms of the shift from growth to value stocks as investors have continued to discount more... Read More»

How Much Market Pain Will it Take to Reverse Fed Policy?

Those looking for a respite in the inflation scare are not getting it. Cyclical stocks continue to outperform growth stocks while the risk off atmosphere has... Read More»

When Does the Stock Market Trigger the Infamous Fed “Put”?

No one should be surprised to see markets attempting to rally after the tumultuous start to the year. Bear markets need pauses to refresh just as bull markets ... Read More»

6 Fed Rate Hikes, Yeah Right!

It remains all about the coming Fed tightening cycle, not only in terms of rate hikes but also Fed balance sheet contraction. And, unfortunately for stock ma... Read More»

Will China Ever Give Up On COVID Lockdowns?

If this writer has continued to give the mainland authorities the benefit of the doubt in terms of managing the downturn in the residential property sector, for... Read More»

Bond Investors Should Zig When the Fed Zags

The contrast between the US and China monetary cycles has become crystal clear in recent weeks. has announced its most significant rate cut since April 2020 ... Read More»

Bank Lending Holds the Key to Future Inflation

The pro-cyclical inflation story keeps building as market pundits have competed to increase their 2022 Fed rate hike forecasts ever since the release of the Fed... Read More»

If the US Forces an Energy Transition, Inflation Will Follow

The Time “person” of the year award is often something easy to make fun of in the way that magazine covers are usually, but not always, useful contrarian indica... Read More»

The Taper Tantrum Ain’t Over Yet

This writer remains of the view that the US CPI report is now the most important US data point monthly rather than the payroll report. And last week’s CPI rele... Read More»

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