62 insights found
19 February 2019
Is India the next battleground for China v US?
A combination of attractive valuation and an end to distressed selling has helped markets recover in the first six weeks of the year.
29 January 2019
China is not stimulating
This time last year the macro consensus was for strong global growth, led by China and emerging markets.
15 January 2019
From weak to strong hands
Certain aspects of markets feel like early 1999, volatility is spiking as leveraged low volatility trades blow up, and a bout of distressed selling is being misinterpreted as markets being warned abo ...
13 December 2018
Beset by bearishness
Thin volumes, deleveraging, and policy shocks are making for a rocky end to a year in which it is reasonable to say ‘nothing worked’.
03 December 2018
Shrinking liquidity means higher volatility
Against such a background, hints of positive news, such as an end to Fed tightening and or some agreements on trade, could produce a classic Santa Claus rally.
07 November 2018
Midterms to dominate headlines, but there is structural growth in the long term
Traders are obsessing over the midterms, but realistically have not been behind market behaviours so far, and are unlikely to significantly impact direction of policy or economic fundamentals even in ...
26 October 2018
US outperformance over China has not only ceased, but reversed
The US and Japan have joined other equity markets in breaking long term moving averages, as has WTI Oil.
19 October 2018
Midterms may provide trade war relief
US Dollar cash is once again a viable asset class, while structured products that require dollar leverage, particularly offshore, are looking highly vulnerable.
15 August 2018
A view from the equity market
In recent weeks we have discussed the divergence between North Asia and other emerging markets, notably in places like Turkey which fit very much into the textbook role of the current account deficit ...