Investing
Will Alternative Investments Cause a Lehman Moment?
Quantitative tightening is now officially on the agenda. The Fed decided in early May to start shrinking its balance sheet…
An End to the Ukraine War Could Signal the End of Fed Tightening
It has always been likely that the outcome of Russia’s invasion would be binary. Either there would be a reasonably…
What Comes Next for Global Markets
The US bond market continues to react to the Federal Reserve’s increasingly hawkish rhetoric. The ten-year Treasury bond yield reached…
Stocks Think Inflation has Peaked, Economic Data Says Otherwise
The US yield curve has flattened significantly this year, ever since the release of the Federal Reserve minutes on 5…
Is the Chinese Renminbi about to become the World’s New Reserve Currency?
There is an air of Western triumphalism in the air as regards the effectiveness of Western sanctions against Russia, most…
The ESG Boom has Peaked
The ESG boom may have peaked in the fourth quarter of last year. If that is just a judgement call,…
First Ukraine, Next Taiwan?
Conditions for financial markets remain the inverse of Goldilocks. Stagflation appears to be ever more a reality while the world…
The Japanese Yen Selloff Will Continue
If inflation and the commencement of a Federal Reserve tightening cycle have been dominating newsflow in the financial markets, as…
LNG is a Natural Gas Gamechanger
Hi, welcome to the oil drum report, where I'm going to teach how energy markets work. I'll be passing on…
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…