Global Strategy
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…
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…
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…
Trump’s Future Depends on the Path of COVID-19
European Fiscal Union & US Dollar Weakness There have been several reasons why the US dollar has weakened in recent…
Fed Yield Curve Control will Drive the US Dollar Lower and Valuations of Growth Stocks Higher
Barbell Strategy of Cyclical & Growth Stocks The base case remains that cyclical stocks will enjoy renewed outperformance, as they…
COVID-19 Data Fades While US-China Tensions Flare Up
US COVID-19 Data Improving Attention remains front and center on the data for cases and deaths in America. In the…
The China Money Printer is Idle, Overweight China
China's Policy Driven Bull Market The Chinese stock market has resumed rallying since the start of the current quarter helped…
Silver and Gold Equities are the Hedge, Irrespective of a 2nd Wave of COVID Materializing
COVID-19: Divergence between Cases and Deaths The “second wave” concerns have continued to accelerate, most particularly in America. Still, this…
The Japanese Market is Geared For the V-Shape Recovery
Foreign Investors Still Exiting Japan Despite Cyclical Tailwinds Foreign investors continued to be net sellers of Japanese stocks last quarter…
A Second Wave of COVID-19 is a “Buy the Dip” Event
More Pandemic, More Fed Bailout There remain legitimate reasons for concerns about second waves, even though for now there continues…