According to this indicator, US equities have yet to bottom
October 17, 2022 •
read more
Weekly Opinion
Timely insights and opportunities, published weekly. Completely free.
Is a currency crisis brewing in the Eurozone ?
October 10, 2022 •
read more
The new Italian government is unlikely to make a difference
September 26, 2022 •
read more
The investment case for Copper
September 12, 2022 • Copper is 28% off its recent high as investors are concerned a global recession may affect demand). Here's some key reasons why it may be a buying opportunity.
read more
Megabears
September 5, 2022 • If ever there was a dogma in equity investing , it has to be "buy and hold ". The idea that investors should not worry with short-term price movements and technical indicators as, over the long term, returns will take care of themselves. While the principle typically holds, history shows that the dogma may prove devastating as too much of a "long-term" may not be an option for some.
read more
2022 YTD is the worst year on record for investment grade bonds
August 29, 2022 • 2022 has been an excruciating year for bond investors. The Bloomberg Global Debt Index, one of the widest measures for the $61 trillion global investment grade bond market, is down 14.7% YTD. It is the worst performance since its inception in 1990. Bonds, traditionally the mainstay for insurance companies and retirees, are considered a safer and less volatile asset class and are not supposed to decline this much this fast. What gives?
read more
Energy is on a roll and yet investors seem to have hardly noticed
August 23, 2022 • After four decades #energy is squarely back at the center of the economic, financial and political discourse. Yet investors seem to have hardly noticed. Even after a spectacular performance YTD, the energy sector is still a meager 4.2% of the total market capitalization and 40% below its 20 years average.
read more
Are Aging Demographics Inflationary or Deflationary?
August 15, 2022 • As the #inflation debate rages on, it may be good to consider the long term impact of the #laborparticipationrate ("LPR"). LPR is the percentage of the population that is either working or actively looking for work and it is the lowest in 45 years. #demographics has been a key driver for LPR.
read more
UK Inflation is Far Higher than other European Countries. Why the Divergence?
August 8, 2022 • The Bank of England painted last week a very sobering picture of the British #economy with levels of inflation are far higher than those registered in other major European economies. If the supply shocks are, seemingly, the same, why such a large divergence? Consider #brexit .
read more
Equity Investors are Conditioned to Read the Fed as Dovish
August 1, 2022 • The #equitymarket is up 14% from its June 16th low but the move is hard to justify. On a fundamental basis, there is increasing data showing the US and global economy are deteriorating while the geopolitical situation is still very unstable. Most importantly perhaps, Market participants seem to have a bias in reading Fed's statements as overly dovish.
read more
Don’t miss a thing.
Subscribe now.
The Weekly Opinions are concise and data-driven observations pointing to key current issues in financial markets. The premium monthly Swerve Insights are thought pieces articulated into two sections: a monthly macro update and a specific investment idea. All delivered in a concise package to help you stay ahead in the financial landscape of today and to get inspired with new ideas and opportunities.