global strategy
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…
The Landscape is Shifting for Chinese Fintech
The US presidential election appears to be finally over. But it remains unclear how the issue of regulation of “Big…
How the Fed Reacts to a Vaccine Driven Recovery Will Determine the Market’s Fate
As the media focuses on the closely contested US presidential race, as well as, of course, the Covid “second wave”,…