Global Strategy

We Are Witnessing the Beginning of the End of the Deflationary Era

The cyclical trade continues to be recommended here, despite the ongoing COVID “second wave”. On this point, it is interesting…

October 26, 2020

Expensive Green New Deal will Drive Energy Prices Higher not Lower

The Economist has a long-established tradition of contrarian cover signals, as have other business magazines, some of which are now…

October 19, 2020

The Virus is Burning Itself Out, Buy Stock Market Weakness

Joe Biden’s most important running mate, Covid-19, has clearly turned massively in his favour. The 7-day average daily new case…

October 13, 2020

Developed Market Bonds are Dead Money, Buy Discounted Cyclicals

Is this really the top for Big Tech’s leadership of the US stock market, and the related unprecedented relative outperformance…

October 6, 2020

China Offers Safety in a World of Central Banks Gone Crazy

The Federal Reserve has duly delivered on the expected softening of the inflation target in the latest FOMC meeting in…

September 29, 2020

Gold Secular Bull Market Intact, Target Price $5,500/oz

Gold's Resilience Despite Weak Physical Markets in India & China Gold continues to behave in a resilient fashion having been…

September 22, 2020

Fed’s License to Overshoot on Inflation

The US Treasury bond market has started to sell-off in recent weeks, in line with the base case here of…

September 14, 2020

Election 2020: Are Trump’s Anti-China Theatrics Setting Up for an Inevitable U-Turn?

Trump's Anti-China Theatrics It has become almost a pantomime. Grizzle refers to the slew of anti-Chinese measures announced by the…

September 8, 2020

COVID Cases Contained In America and Economic Data Remains Resilient

COVID-19 Cases: Contained in America, Surging in Europe It continues to look as if new cases may have peaked almost…

August 31, 2020