Global Strategy China is the One Safe Haven for Bond Investors April 15, 2021 One recommended trade here for global bond investors has been to sell US Treasury bonds, and indeed all G7 government… Inflation Expectations Approaching the Point of No Return April 5, 2021 The past investment quarter has seen rotation into the cyclical value trade in world stock markets after fund managers finally… Regulation of Big Tech is Underappreciated by the Market March 30, 2021 The view here remains that the Big Tech stocks’ market capitalisation peaked as a percentage of the S&P500 at the… No Rate Hikes Until 2023 – Or Maybe Not… March 23, 2021 The benefit of the doubt continues to be given to the cyclical trade, which also continues to be confirmed by… The Post-COVID Rebound Will Benefit Commodities – But Beware A Taper Tantrum March 16, 2021 The US bond market sell-off has continued and with it the increased potential for an inflation scare. Still, there is… Inflation About to Run Hot, Will Government’s Panic? March 11, 2021 Inflation expectations remain the key variable to monitor. The US 5-year 5-year forward inflation expectations rate and the 10-year breakeven… The Cyclical Rebound Hinges on the Success of COVID Vaccines March 1, 2021 Covid cases continue to decline on a global basis as vaccine rollouts continue. The 7-day average daily new case count… Bull Market Correction or Nasty Unwind – Bond Investors Will Decide February 25, 2021 The view here remains to continue to favour the back-to-normal cyclical trade on the view that the vaccine rollout story… The Bond Market vs Yield Curve Control: Who Blinks First February 18, 2021 The base case here since May 2020 has been that the Federal Reserve will adopt some form of yield curve… Next»