European equities are flagged all over our model package as the best trade on earth currently as the US and European macro cycle starts to diverge—meanwhile, China is back in the abyss after a massive move in Hang Seng this morning.

European equities are flagged all over our model package as the best trade on earth currently as the US and European macro cycle starts to diverge—meanwhile, China is back in the abyss after a massive move in Hang Seng this morning.
Relative value is the keyword in this tariff madness, as everything is moving further away from fundamentals as we speak. Loads of value in both commodities and rates bets here!
Right as we thought tariff talks were bad for growth and slightly inflationary in the short-term risk assets and global equities are celebrating like we were in a Gung Ho environment – what’s going on?
While the tariff headline continues, underlying developments in macro suggest that the disinflationary environment continues in the US economy – bond yields will come down this week!
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, concise format. If you want to thrive in markets, this is a must-read!
With NFP coming up later today, we have compiled the best charts and observations to look at ahead of the report.
It’s pretty clear now that Trump, Bessent and Powell are working in unison to bring down long-end bond yields, which is the clear trend now in Fixed Income as global bond indices are heavily bid.
Trump is increasing uncertainty and hurting both the economy and risk assets in an attempt to do the opposite. Are there ways to shield yourself from the ongoing geopolitical landscape? We believe so!
Trump is throwing tariffs left, right, and center—only to delay them and call it a deal. Where are markets going in all this madness? Ultimately, this is bad news for the USD and US equities, but it could be very decent for China!
The first tariffs are now in place, hitting Mexico and Canada with 25% and China with 10%. Markets initially reacted negatively, but equities have since rebounded from the European open. Key economic data this week will reveal whether growth remains strong or tariffs will derail momentum.
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, concise format. If you want to thrive in markets, this is a must-read!
Has Deepseek changed anything when it comes to positioning and sentiment? Not really, and Tech continues to be a fan-favourite in equity space!
Yesterday’s FOMC meeting allowed the USD to weaken on a trend basis as yields have been given the green light to soften further, while risk assets will likely thrive in the environment Powell outlined.
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, concise format. If you want to thrive in markets, this is a must-read!
Trump is scaling back on China tariffs, and it seems obvious now that he is working on some sort of tech deal between China and the US, which leaves his policy-mix very loose compared to initial expectations – and he is doing it while the US economy is running hot, making us wonder whether bond yields have not topped yet.
Everything at the moment seems to revolve around Trump and his policies. How have markets been positioned heading into inauguration week, and is it possible to cut through the noise?
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, concise format. If you want to thrive in markets, this is a must-read!
China is improving in GDP terms as we round the week, but what does that mean for risk assets and the macro picture?
Ahead of the CPI report, we share key positioning trends across all asset classes.
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape—all in a simple, concise format. If you want to thrive in markets, this is a must-read!
We have refrained from calling a rebound in inflation as China was weakening. What if that’s no longer the base case?
Equities are off to a bad start as rates continue to climb higher, and positioning has shifted significantly in bonds since Christmas. More downside risk looms if volatility continues to rise, which seems likely.
The positive correlation between stocks and bonds is back, which means that bond yields are now all that matters. Will the ship turn?
We have compiled some of THE charts to watch as we enter the new year with the Trump presidency, Fed flip-flopping and high equity market concentration posing risks to markets.
With the start of 2025 rapidly approaching, we share some insights from our data library that can identify the direction in which things are moving globally from the start of 2025!
As we approach year-end markets have started reacting strangely to data prints from both the US, EZ and UK in rates space, all of a sudden withdrawing a lot of the cuts in 2025 from forward-pricing. What’s going on?
Macro surprises are turning in the US, and markets will likely not get the reacceleration in growth that they are looking for. Will this melt-up in December lead to a melt-down in January?
While global manufacturing trends are improving slightly beneath the surface, the Chinese economy has taken another turn south after stimulus efforts failed to deliver (again). There are not a lot of positive signs for commodities at the moment.
Markets have a hard time figuring out where the neutral rate is in the US and its peers, which leaves interesting opportunities in Fixed Income as we enter 2025. Are markets right that neutral rates can be widely different in a global economy?
Each week, we summarize the key insights we’ve shared with hedge funds, highlight what to watch for, and explain how we’re navigating the macro landscape – all in a simple, concise format. If you want to thrive in markets, this is a must-read!