Financial engineering of Corporate America

How Should You Invest Around Market Holidays

Have you ever wondered whether investing around holidays good for your portfolio? We looked at the historical S&P500 returns - the answer may surprise you. ... Read More»

Political Pressure is Mounting to End the Share Buyback Bonanza

The base case remains that a US-China trade deal is coming. This should continue to support stock markets for now, helped by the following wind provided by ... Read More»

The End of U.S. Monetary Tightening a Tailwind for Emerging Markets and Gold

The past year was a disastrous year for investors in the sense that U.S. dollar cash outperformed all stock markets and most bond markets and, so far at lea... Read More»

2019 Market Outlook: The Tightrope of U.S. Earnings

Wall Street remains in corrective mode despite hopes of the normal rally into year-end, with the S&P500 now down 11.6% from the September peak (see foll... Read More»

FANG Faces the Existential Threat of Disruption and Regulation

The recent breakdown of the S&P500 has revived the base case triggered by the ‘short vol’ unwind in February. That is that the S&P500 has reached a peak... Read More»