The USD continues to weaken from the morning after a Chinese liquidity injection. Cyclical tailwinds continue despite very dire forward-looking indicators on Western consumption into 2024.
A softer than anticipated CPI print – spot on our forecast – lit the fuse for a rally in equities following a rally in bonds. Whether yields eased for the right reasons remains unclear. Read along as we dissect the moves, our performance and consider our allocations going forward.
China is still in a state of crisis but perhaps recent dove-vibe in the US could sustain the run of some of the 2023 FX winners? Read our take below
The immediate shutdown threat has been averted, although the issue of war funding remains unresolved for President Biden. The question remains: is the political gridlock alleviated? Read our brief take below
Market seems to be all over the place these past trading days and November has thus far both been trick & treat. We are green and have entered new positions. Read our full take below
The recent howler of 30y UST auction made yields spike and has served as a reality check for the brief optimism in emerging markets. But we refuese to concede to the negativity – We illustrate the long-term prospects for Latin America in the new deglobalized order below
The US fiscal trajectory is unsustainable and will require resolution, but does it inevitably entail excessively high-interest rates for “longer”? We have our doubts.
Last week’s rally was truly remarkable, especially considering the months of hardship that most assets endured prior. Could this be the long-awaited revenge of the longs, with short covering poised to dominate the price action in the days ahead? Dive into our analysis below to find out.
The Chinese Stimulus will likely prove to be false flag and Yellen & Powell looks to have killed the USD streak. Read below for our thoughts on it and how we will likely play it
These days, everything seems to be in motion, but not all at the same pace of change. Dive into our inaugural Monday edition of Positioning Watch below to discern the disparities
The long awaited stimulus package is here! But it is anything but overwhelming… Read our takeaways here
Massa takes the first round but war is not over. We provide our view on the state of affairs in Argentina from a risk-taking perspective
A volatile week with plenty on the plate for investors. Biden’s push for war funding while Capitol Hill remains in gridlock. How are the bets stacking up? Dive into our weekly positioning watch below to find out
We barely dare suggest it. But are bonds finally reap for entry on the long side? We are definitely getting there. Read our latest Portfolio Watch below
It is increasingly impossible to dissect what is going on in financial markets from what is taking place on the Geopolitical scene. Read below for our full take on the latest events
Treasuries have tumbled as 10- and 30-year yields touched their highest in 16 years. Meanwhile, the US Dollar keeps steaming ahead. Is now a golden opportunity for buying bonds or will supply surmount demand, and can the USD extend its streak of strength?
In the wake of this tragic situation that is still unfolding, investors are grappling with the need to understand and navigate the turmoil. See our main Positioning takeaways here
Money is flowing towards safety, but the foundation beneath the market remains solid, with no signs of a downturn yet. In light of the geopolitical events we assess our Portfolio below
This past week has been historical for all the wrong reasons. But could the horror taking place in the Middle East be the last nail in the Coffin for US economic overperformance?
The market opening hints of a stronger USD, higher energy prices, and slightly rising long bond yields. Is the opening price data backed up by empirical evidence? Let’s have a look.
As we review the events of this eventful week, it unfortunately appears to conclude with a tragic development, as we find ourselves reporting on the potential beginning of yet another conflict.
The EIA report indicates demand drop, Non-farm payroll signals a soft landing, and we’ve taken a spread trade loss. We’re in challenging waters. How should we position ourselves, and how are we doing? Read our weekly Portfolio review below
Oil prices have collapsed in recent days undermining one side of the USD/Oil wreckingball. Good news for EM’s generally? We offer our takeaway below and how we prefer to play it
After a series of eventful days on Capitol Hill, we present our key takeaways below. We remain committed to covering and sharing our perspective as the situation continues to evolve.
Lots of talk around a too-strong USD, especially in Asian markets. The issue is that the move in the USD is driven by BOTH monetary policy and relative energy balances. It is hard to make a Plaza Accord without a Riyadh accord.
We’ve taken a massive WIN in recent weeks, but the markets are precarious here after blood on the street as seasonality shifts. Is there a final surge before the impending collapse?
When things seem to be spiraling downwards, trades that capitalize on relative weakness often present favorable risk-to-reward opportunities. We’ve recently entered such a trade ourselves
The USD wrecking ball haunts again and several Asian Central Banks now actively intervene. The issue is that the USD is not the trigger of this move. Energy is.
The Fed projects higher rates for longer, while oil production cuts persist. How do markets play the “Higher for longer and Lower for longer” ? Read our weekly report below
FED is pausing but EM’s are already fed up and the dynamics of the 2022-trade remains our frame of guidance. But what could turn the table?
