Global Strategy
Post-COVID Liftoff: Cyclicals, Gold & Bitcoin
If anybody was in any doubt that cyclical stocks would rally sharply on the re-opening trade, they got the evidence…
China’s Focus on Technology & Domestic Demand
China's 14th Five-Year Plan While world markets have been focused on the US presidential election, an important event also took…
Fed Addresses “Uneven” Recovery, However the Damage is Already Done
Fed to Remain Dovish: Yield Curve Control There was an interesting speech made last month by Federal Reserve governor Lael…
The Landscape is Shifting for Chinese Fintech
The US presidential election appears to be finally over. But it remains unclear how the issue of regulation of “Big…
How the Fed Reacts to a Vaccine Driven Recovery Will Determine the Market’s Fate
As the media focuses on the closely contested US presidential race, as well as, of course, the Covid “second wave”,…
With a Blue Wave Likely, is Big Tech in Trouble?
The “Blue Wave” is clearly the base case in the forthcoming US presidential election. Still, markets have become nervous again…
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…
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…
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…
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…