Macro Battleship
With a Blue Wave Likely, is Big Tech in Trouble?
The “Blue Wave” is clearly the base case in the forthcoming US presidential election. Still, markets have become nervous again…
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…
Expensive Green New Deal will Drive Energy Prices Higher not Lower
The Economist has a long-established tradition of contrarian cover signals, as have other business magazines, some of which are now…
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…
Developed Market Bonds are Dead Money, Buy Discounted Cyclicals
Is this really the top for Big Tech’s leadership of the US stock market, and the related unprecedented relative outperformance…
China Offers Safety in a World of Central Banks Gone Crazy
The Federal Reserve has duly delivered on the expected softening of the inflation target in the latest FOMC meeting in…
COVID Cases Contained In America and Economic Data Remains Resilient
COVID-19 Cases: Contained in America, Surging in Europe It continues to look as if new cases may have peaked almost…
Trump’s Future Depends on the Path of COVID-19
European Fiscal Union & US Dollar Weakness There have been several reasons why the US dollar has weakened in recent…
Fed Yield Curve Control will Drive the US Dollar Lower and Valuations of Growth Stocks Higher
Barbell Strategy of Cyclical & Growth Stocks The base case remains that cyclical stocks will enjoy renewed outperformance, as they…