global strategy
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…
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…
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…
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…