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Sanguinity

Dec 9, 2020

1:41 am

Global Macro and Equities As Covid19 vaccine inches closer to reality for millions of people, it feels like normalcy is back in the line of sight. One may argue that globally cases are still rising, but lower fatalities in the current wave is a respite. We are seeing signs of a return to normalcy in…

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The Wait-and-See Rally that did not Wait

Dec 7, 2020

6:20 am

• November sees significant returns to most risk assets • Leadership was outside of the US as Europe rebounded strongly • Value in energy and financials outpaces technology • High yield has a vaccine inspired rally, • EM failed to keep up the pace but should see good support November saw some extraordinary gains for…

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It’s Only as Good as it Seems

Dec 1, 2020

6:47 am

• Markets keep faith in the prospect of a vaccine, and ongoing support from policymakers. • With equities in a euphoric mood it is worth keeping in mind some of the risks • Latest Fed minutes and Yellen at the Treasury argues for anchored long-term rates • Low mortgage rates bring vibrancy in the housing…

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Even the Turkey is Worried

Nov 23, 2020

8:52 am

• President Trump’s ongoing breaking with convention remains a risk to markets. • COVID remains a significant near-term risk to the global economy and markets. • US and Europe expected to see negative growth over the turn of the year. • Fed expected to act in December probably by keeping long rates anchored. • Value…

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