Global Macro and Chinese thematic mid-year Pit Stop : our last webinar

Somes extracts : Given the last point, your scribe believes that while condemnations are almost unanimous, most Western countries will do everything possible to prevent the conflict from spreading to other countries.   Since the Yom Kippur War and throughout the...

Some extracts Looking back at Friday's session, it was one of the best days on record for our GTO (+1.6%) "We're not safe from a surprise, so many of the employment figures are revised and skewed." (GMI 06/10/2023). When your scribe wrote these words on Friday...

Some extracts Your scribe insists we are only in the Great Normalization of our Western economies. After years of dependence on central bank liquidity, making a monkey able to build an asset allocation ...   It's not the "why," as Powell has been repeating his...

Some extracts : - On Friday morning, your scribe had shared, "Now, the optimal take-off zone seems to be around October 15, which leaves us with a few more complicated days ahead if the bond markets don't calm down unless the CTAs (whose asymmetry is to the buy side)...

Some extracts : Yesterday, we noted the "disaster" that was this revision for Q2: instead of the unchanged 1.7% figure of the second estimate of Q2 GDP, the final figure was a disaster of 0.8%, a 9-sigma deviation from estimates... China has no reason to be ashamed of...

Some extracts : We'll come back to these various points, but first, your scribe will recall his convictions in Global Macro even though the markets no longer have any rules: Duration is the main danger in asset allocation. Markets are increasingly ripe for a rebound...

The U.S. is expected to indefinitely extend a waiver granted to South Korean chipmakers Samsung Electronics and SK Hynix on needing licenses to bring U.S. chip equipment into China, Yonhap news agency reported on Wednesday. The U.S. Commerce Department has discussed...

Some extract : Yesterday was symptomatic of our markets: neither fundamentals nor positioning were the cause of asset movements (except for rates), .... According to reports, after the US banking sector experienced a period of turbulence earlier this year, total...

Over the past 10 years, some of the world's richest have more than doubled their investments in apartments globally, with a particularly heavy emphasis on the U.S, Bloomberg reported, citing research from Knight Frank. With oversupply being an issue in the multifamily...

Some extracts: To be clear, your scribe believes that we are almost at the dawn of the October rally and that, given the extreme positioning of shorts, fundamentals will not carry much weight. For the record, our Global Macro's two best performances in yesterday's...