The Week At A Glance: Time to bet against the USD?
2024-06-24Is it time to bet against the USD based on relative surprises and relative inflation numbers? The week ahead is full of interesting inflation data. To read the full article, sign ...Steno Signals #105 – What to make of the rising bankruptcies?
2024-06-23Recession chasing has become an obsession for many, but how can we use the current bankruptcy trend to trade the macro cycle in a clever way? Here are the findings ...EM Watch: Is the Chinese copper demand down 40%?
2024-06-19The Chinese apparent copper consumption is absolutely on the floor, while the copper market is turning bid again. Is the Chinese consensus getting too upbeat again? And how will it ...
Great Game – Israel and Hezbollah headed for war?
2024-06-25In our weekly geopolitical overview, we cover Israel-Hezbollah tensions, attacks on a beach in Crimea and an exciting political week ahead. To read the full article, sign up for a 14-day ...Great Game – Why Tesla is winning the EU-China trade war
2024-06-18Tesla is emerging as the clear winner of the EU-China trade war so far – why is that? And why are markets so panicky over the French election? To read the ...Great Game – Can the European Right leverage their victory?
2024-06-11How will the euro-sceptic parties wield their newly won political power over the next years? Why is EU entering the EV war and what might the effects of Indias current ...
Inflation Watch: What if the cyclical prices are not truly tamed? Lessons from Canada and Sweden
2024-06-25The debate on whether this is a Burns or a Volcker-like scenario rages on, but re-inflationary forward-looking indicators are increasingly coming to light. This is particularly evident in countries that ...Energy Cable: Bullish Oil, Bearish Nat Gas, and Especially Metals! Here’s Why!
2024-06-24The oil market is one of the few appealing commodity longs currently, as cluster risks in the natural gas and metals space will take center stage into July. To read the ...Portfolio Watch: Is this US slowdown in the room with us right now?
2024-06-21The US exceptionalism was once again solidified with the release of the PMI numbers. While we don’t find a lot of forward-looking signal value in S&P PMIs, it’s still fair ...
Something for your Espresso: Reflationistas outside of the US?
2024-06-25While Nvidia is suddenly selling off due to liquidity (and idiosyncratic reasons), there are signs of re-inflation outside of the US, which could impact the USD market versus RoW currencies. To ...Something for your Espresso: The weather decides whether we should be scared..
2024-06-21Data for May looked weak across all construction categories in the US, but it is important to note that the weather may have played a major role in this weakness. ...Something for your Espresso: Punching in thin air!
2024-06-20Markets have been choppy with the Americans away from their desks due to Juneteenth. Are commodity bulls punching in thin air ahead of July? Meanwhile, we have a big day ...
EM Gold Rush: The pressure valve amid Asian FX debasement risks?
2024-04-17Asian FX weakness is back, and the USD/Gold correlation has turned positive. This begs the question: How does it rhyme with the continued surge higher in gold, and has something ...EM Watch: China is preparing something BIG!
2024-04-10The strategic shift from Real Estate to Green-tech manufacturing in China is very evident and it will likely impact Europe to a much larger extent than the US. Counterintuitively, it ...Emerging Markets: Legs to the Korea case or time to cash in?
2024-04-03Korea has, by first-hand experience, been a sell-side favorite, and the Kospi has been on a roll recently. Some leading cyclical indicators have started to turn however, and the question ...
Crypto Crisp: There it was, the height of Mt. Gox fear
2024-06-24The Mt. Gox estate announced today that it will begin repaying creditors, with the total repayment amounting to as much as $8.5 billion, starting in July. The market reacted negatively ...Crypto Moves #33 – Dazzling Positivity on the Horizon
2024-06-20We are bullish on the crypto market in the near term, given the numerous positive factors on the horizon. These include increased liquidity, declining exchange balances, the historically strong month ...Crypto Crisp: Imminent Surge in Liquidity
2024-06-17The crypto market took a hit last week after a more hawkish-than-expected FOMC meeting by the U.S. Federal Reserve. In our opinion, the market will soon return to its levels ...