market-commentary

MARKET COMMENTARY

Scroll Down

President Biden Brings Another Bazooka

May 31, 2021

10:23 am

• Another huge $6 trillion budget plan from President Biden • A focus on infrastructure to keep the US economy • Inflation still at large and surprising to the upside • Calls for earlier US rate rises seem misplaced; however the Fed might be wrong to suppress a rise in long term interest rates •…

Read More

Cryptic markets

May 24, 2021

8:15 am

• Cryptocurrencies under pressure as US and Chinese authorities squeeze Bitcoin • We strongly believe that cryptocurrencies, are here to stay in one form or another • Gold continues to push higher in the wake of crypto problems • US boom hits capacity constraints but they don’t diminish the upside • Europe’s economy, vaccinations and…

Read More

How much inflation do you want before you believe it?

May 17, 2021

8:57 am

• Actual inflation is showing up in the numbers: PPI and CPI surprised to the upside. • US wage pressures are starting to build • COVID brings a confluence of additional factors that adds to the inflation argument • Bond markets have been surprisingly muted • Equity markets are favouring Financials and Materials over Technology…

Read More

This is Not Normal, but It is Probably for Real

May 10, 2021

11:07 am

• Mounting inflation pressures point to a new world of inflation away from the previous normal • US employment data was another clear signal of building wage inflation • Government bond yields anchored by central banks may save bonds for the moment • Equities to continue to rise in the absence of a marked rise…

Read More
Top