“Risk On” Market Remains the Base Case but There is One Big Risk
Strategist Christopher Wood write about the risk-on market being the base case and the biggest risk to the market.... Read More»
Global Strategy
Aussie Housing Correction Exposes Vulnerability in Banks
There have been two housing cycles in the Anglo-Saxon world that never really corrected in the 2008 global financial crisis but continued to levitate. Both ... Read More»
Fed Comes to Grips with Reality: Asset Prices Drive Economies
The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance sheet, or quantitative tightening, ... Read More»
Will The Donald Score a Double Win on China and North Korea?
The benefit of the doubt is still given to the continuation of the risk on trade that commenced on Boxing Day, with the S&P500 and the MSCI AC World Index u... Read More»
Now is the Time to Buy UK Stocks With Cheap Pound Due to Brexit
The cock-up that former British Prime Minister David Cameron created has become ever clearer. This is a reference, of course, to the seemingly interminable Brex... Read More»
China Preys on Taiwan’s Chaotic Political Climate to Unify
With all the focus on the US-China trade negotiations, it is easy to forget about Taiwan and the long-running cross-Strait dispute. But there was an interes... Read More»
Guideposts for Powell’s Direction on Quanto Tightening
Fund managers entered 2019 shaken and stirred. So more of a relief rally would not surprise, most particularly given the absence of the traditional year-end... Read More»
The End of U.S. Monetary Tightening a Tailwind for Emerging Markets and Gold
The past year was a disastrous year for investors in the sense that U.S. dollar cash outperformed all stock markets and most bond markets and, so far at lea... Read More»
2019 Market Outlook: The Tightrope of U.S. Earnings
Wall Street remains in corrective mode despite hopes of the normal rally into year-end, with the S&P500 now down 11.6% from the September peak (see foll... Read More»
