Bank Lending Holds the Key to Future Inflation

The pro-cyclical inflation story keeps building as market pundits have competed to increase their 2022 Fed rate hike forecasts ever since the release of the Fed... Read More»

The Asset Speculation Game is Far from Over

Base effects mean the real test of whether the pickup in inflation will prove transitory or not will only become clearer in the second half of this year, which ... Read More»

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 will prevail over the concerns about ... Read More»

Asia Will Outperform in a World of Weak Dollars and Accelerating Inflation

The view here remains that the key issue facing investors in 2021 is the Federal Reserve’s policy response coming out of the pandemic. Still another point to no... Read More»

India is Starting a Cyclical Recovery – Buy Indian Stocks

As good a stock market investment story in Asia as any is India. The Indian economy is almost back to normal and the recovery has also taken place in the mar... Read More»

The “Passive Put” and Tesla’s Bitcoin Wildcard

The advice here remains to stick with the “back to normal” trade despite the scare over the mutating virus in Britain which has increased nervousness in recent... Read More»

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 that the US Treasury 5-year-30-... Read More»

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 count in America bottomed at 34... Read More»

When Does the Economic Harm Outweigh the Quarantine Solution?

The S&P500 has rallied 31% off the post-crash low of 2,192 reached on 23 March to 2,875. S&P500 Price Source: Bloomberg This is interesting, and i... Read More»

Christopher Wood