A camel’s back waiting for a straw
This update is brought to you by Occam’s razor. * A myriad of market valuation metrics all point to a
Latest
A camel’s back waiting for a straw
This update is brought to you by Occam’s razor. * A myriad of market valuation metrics all point to a
Momentum gathering…
These last few weeks, marking the beginning of Summer holidays in the Northern Hemisphere, have seen several significant macro and
Hard Data -> Hard Assets
* The disconnect between financial market pricing and the incoming (and forward-looking) data on US employment, business capital expenditures, credit and
Macro
Hold the line… weigh the arguments.
Hold the line is a military idiomatic expression meaning to stand firm in your position despite pressure or challenges. One
Macro
Inching towards a new (world?) order
Like many based in the Southern Hemisphere, I have spent too many hours since January 21 not sleeping and keeping
IN THE EYE OF THE (expected) STORM
* You are all very well aware of the volatility of the last weeks and days. * There are plenty of statistics
RINGING THE BELL
You know my views on the disconnect between financial asset pricing based on the crowd's recency bias of
Generational step change?!
This note covers the fast-moving, wide-ranging, and wild scenarios at the intersection of macro, geopolitical, and market movements. The underlying