Chris Wood
Eurozone Yield Curve Control is Happening, is This Bad for the Euro?
The Federal Reserve statement at the last FOMC meeting in March displayed no concern about the then 67bp rise in…
China is the One Safe Haven for Bond Investors
One recommended trade here for global bond investors has been to sell US Treasury bonds, and indeed all G7 government…
Regulation of Big Tech is Underappreciated by the Market
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…
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
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?
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
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
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
The base case here since May 2020 has been that the Federal Reserve will adopt some form of yield curve…