JohnMar 31, 20233 minWeekly roundupUS markets rallied on hopes of a Fed put on banks. Brazillian markets rallied on fiscal discipline and astute geopolitics. We like BRL.
JohnMar 24, 20233 minWeekly roundupThere was lots of yelling at Yellen, but ultimately this just made it a noisy week. Optimism on China may prove short lived.
JohnMar 17, 20233 minWeekly roundupThe market thought about entering a crisis regime, but seems to have decided against it for now.
JohnMar 10, 20233 minWeekly roundupBank failures sent the market into risk-off mode. A brief panic subsided, but the Fed will need to help, as China is thinking long term.
JohnMar 3, 20232 minWeekly roundupFebruary is over, and trades that did well in January are back leading the way higher - with good reason.
JohnFeb 24, 20233 minWeekly roundupStaying neutral appears to be increasingly a challenge for countries. A neutral position in markets (cash) would have worked out best.
JohnFeb 17, 20233 minWeekly roundupRates drove price action, but tension between US and China continues to drive the trends.
JohnFeb 10, 20233 minWeekly roundupRates selling off was the story this week. Without the new Fed put, they may have gone even further.
JohnFeb 3, 20233 minWeekly roundupThe market was back in a liquidity regime. On the week this meant easing, despite a monster payrolls print. Something doesn't quite add up.
JohnJan 27, 20233 minWeekly roundupNo news was largely good news for equity markets thanks to bearish positioning. That is of course unless you were short LCID.
JohnJan 20, 20233 minWeekly roundupMarkets finished roughly unchanged, but the path they took was interesting. Diversification may be a thing again. All-weather funds rejoice.
JohnJan 13, 20233 minWeekly roundupCPI coming in line with forecasts appears to have given markets the green light to proceed. Significant risks are being heavily discounted.
JohnJan 6, 20233 minWeekly roundupChina seems to be doing its best to support markets. Hopefully this amounts to more than reflating bubbles.
JohnDec 30, 20223 minWeekly roundupA week of vol hedging in illiquid markets, and not a lot else. Our model portfolios wrap up the year both ahead of benchmark by over 150bps.
JohnDec 23, 20223 minWeekly roundupIt was a surprisingly eventful week. We'd ignore what happened in most markets, but the rally in oil and JPY appear to be significant.
JohnDec 16, 20223 minWeekly roundupA fairly rough week for equities. On the bright side, there are signs that bonds might be a hedge again.
JohnDec 9, 20223 minWeekly roundupThe market became more worried about recession. They are staying the course on China though.
JohnDec 2, 20223 minWeekly roundupWe jumped on board the China train, which appears to be gaining speed. Payrolls didn't pivot, but the market seems to think the Fed has.
JohnNov 25, 20222 minWeekly roundupLower rates and lower volatility seems to have been good for high dividend stocks.
JohnNov 18, 20223 minWeekly roundupChina appears to have improved relations around the world after elections. What they don't seem to have done is improve economic output.