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A Story of Extremes

Mar 29, 2022

11:09 am

• With inflation looming in the backdrop, the consensus among Fed governors for a faster rate hike is slowly gaining momentum • The Fed is clearly on a sticky wicket and the bond market has noticed its predicament, pushing up yields on two- and 10-year bonds to highs seen during periods of distress • Oil…

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Heightened Risks Undermine “Buy the Dip”

Mar 23, 2022

12:01 am

• Investor’s Buy-the-dip mentality at risk from the structural shifts in the world. • More inflation—key central banks keen to push on with monetary tightening. • Measures of financial market risk hit recent highs. • China surprises on relaxing the reform agenda, but fresh lockdowns cause some growth angst. It would be naïve to think…

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Evolving Trouble

Mar 17, 2022

12:23 am

• War in Ukraine continues to weigh on asset markets • Global growth now expected to falter, and inflation is a monumental issue • Unlike during COVID, governments and policymakers have far fewer levers to pull • The sell-off of high yield and emerging market debt has further to go • We share thoughts on…

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De-escalation or More Uncertainty

Mar 15, 2022

12:23 am

Many around the world are probably heaving a sigh of relief, as a de-escalation between Russia-Ukraine seems to be in sight. Perhaps, it’s only wishful thinking for no one knows Putin’s intent or endgame. Nonetheless, global sympathy lies with Ukraine and a barrage of sanctions have been announced against Russia. However, sanctions hurt both parties,…

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