Central bank accommodation and monetary looseness might be coming to an end. After six years of virtually nil fed funds rate, the Fed under Yellen and now under Powell, is starting an upward cycle that to me might go faster than the market thinks. With the US economy buoyant, unemployment at all-time low and marketsContinue reading “Upwards”
Two quick, concise explanations of Blockchain. Worth watching: Whiteboard Session: How Does Blockchain Work? Simply Explained’s Blockchain
Just stay long US tech…
More from the trading days: 10 July 2014 Strong risk off rally today. We opened up better bid following last night’s FOMC; it wasn’t overly dovish but the market had got itself revved up positioned short and we saw a strong short covering rally post release. This caused gilts to open up 20 cents butContinue reading “Market Commentaries”
Back and forth this past week between Netflix CEO Hastings and Kase Fund’s Tilson: Reed Hastings takes on Whitney Tilson My take: stay long.
Stunning chart published today by Deutsch Bank showing that the S&P 500 has gained 102% since pre-GFC peak. In contrast, Greek stocks are down 85%, whilst EU Banks take a 54% dip with Italy showing a 34% underperformance. Hindsight is obviously 20/20 but my god it was a smart move to stay long US equities!
30 Jan 2013 Gilts grinded higher ahead of the syndication today with people being squeezed out of their shorts, again outperforming bund by 30 ticks on the rally. This has been the main theme over the last week with investors left licking their wounds on the resilience of gilts. Elsewhere, there were rumours circulating inContinue reading “Market Commentaries”
Bridgewater’s Dot Collector, and the story behind Ray Dalio’s success, has always been an incredible lesson on how to create a transparent and open working environment. The Dot Collector app is installed on every Bridgewater employee’s proprietary iPad. Employees are expected to bring this iPad to every meeting, to give and receive constant feedback inContinue reading “Idea Meritocracy”
2017 is definitely a year for the ages. Markets have not only been resilient but have continuously broken through highs even with growing concerns on political and geopolitical instabilities around the world. Janus Henderson’s AlphaGen has had a particular painful year down over 50% yoy. It is clear that not many saw these moves comingContinue reading “Licking their Wounds”
5th June 2014 After the excitement(!) of the build up to today’s ECB meeting we have had a remarkably muted response to the raft of measures that were announced. To be fair, the market is still coming to terms with the announcements and it will likely take a number of days for the full implicationsContinue reading “More Market Commentaries”