Central Bankers Diverge, as Investors Go Bottom Fishing

Nov 7, 2022

9:55 am

• Central bank policy starts to diverge as they get beyond knee jerk rate rises • Thus far the rise in yields explains the fall in equity markets • US equities are particularly vulnerable to future downgrades to profit forecast • European equities have already suffered a deep derating • Rumours of a re-opening of…

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Central Banks Going Soft? We Doubt it

Nov 1, 2022

5:50 am

• Some hope in the market that central banks will start to be less aggressive with rate increases • We believe there is scope for disappointment this week with the Fed and UK MPC likely to emphasise the need for further marked tightening. • The REITs sector had reason to rebound and may still be…

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The Downside to the Fear of Upside

Oct 26, 2022

7:52 am

• Another equity bear market rally in the offing • We prefer not to trade these highly risky rallies given the ongoing challenges • Investors had hoped that Chinese asset markets only had upside risk however… • …its time to ask again, is China becoming uninvestable? • The lurch towards unbridled communist thought does not…

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Portfolio Commentary

Oct 20, 2022

12:04 pm

Crisis readiness of the Titans Portfolio. The Indian markets did catch some cold last month but still ended up widely outperforming major global markets. The world environment is tense. We have a hawkish Fed that is trying too hard to undo the inflation mismanagement. We have an inconclusive war that’s been ongoing for more than…

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