Buy The Inflation Dips

Jul 13, 2021

12:00 am

• US bond market rally reflects technicals and not a material change in the inflation view • The Treasury uses cash not credit and floods the market with liquidity • We look to buy the setback in inflation plays in the equity market • ECB signals it wants to create more inflation • China eases…

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Inflation

Jul 12, 2021

8:41 am

On 20th April last year, crude futures dropped 306% to settle at negative $37.63 a barrel on the New York Mercantile Exchange. About fourteen months since, crude has moved all the way to $75/bbl. And it is not oil alone, there has been an 80-200% price movement across all industrial as well as agricultural commodities…

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Revenge Spending

Jul 7, 2021

2:17 pm

Global Market Update We have had another quarter of global recovery, teemed with optimism and consumer confidence. ‘Revenge spending’ is moving from being a hypothesis to reality for a larger part of the globe. China was one of the first to open up and we saw the revenge spending trend there last year. All of…

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More of the Same – Unfortunately

Jul 5, 2021

10:35 am

• US nonfarm payroll data shows solid growth and inflation • IMF forecasts a US 10-year yield of 1.9% by year-end • Risks to the upside in oil prices and the energy sector • Global warming still evidently out of control • Our strategy–long equities, short duration, and long value Global macro data continues to…

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