The Macro Blog
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Payment deferrals were a lifeline for millions during Covid. What happens when those end? From Rotation to Transition… Zombies are ready to bite!!!
This question is really "disturbing" for some reasons : All the investment banks are muted about this... All present the excess savings as THE fuel of the consumption wave propelling the economy and the financial indices to new heights... Powell and Yellen advocate...
China and Iran sign 25-year agreement to expand ties … The USA has allies ( EU, Australia, Japan, South Korea and Taiwan) but China have ones
Iran and China have signed a 25-year agreement to expand ties as the Islamic Republic struggles to prove the resilience of its economy against decades of US sanctions. We are in a full Cold War. China, after the diplomatic disaster of the last summit in Alaska, plays...
China to Pour $9 Trillion Into Green Energy by 2060, adding arguments for my China Decarbonization 2060 strategy
Investment in China’s green energy sector could amount to 60 trillion yuan ($9.17 trillion) as the world’s biggest carbon emitter looks to achieve its target of carbon neutrality in the next 40 years, one of the nation’s leading investment banks predicted. One-third...
Xi urges corps to strengthen training + Big air incursion over Taiwan = New Cold War, Taiwan replacing Cuba
The US is concerned that China is flirting with the idea of seizing control of Taiwan as President Xi Jinping becomes more willing to take risks to boost his legacy. “China appears to be moving from a period of being content with the status quo over Taiwan to a period...
Wall Street Banks Anticipate SEC Inquiries Into SPAC Market = a new canary?
The market is not a casino even if Cathie Wood and SPACs tried to demonstrate this opposite... Officials at major firms are anticipating letters from regulators asking about the potential dangers of underwriting a deluge of deals from so-called blank-check companies,...
Morningstar unleashes robots to write fund research = The commoditization of the research is engaged.
This is not a surprise! Just the expected end of a setup that never changes its approach keeping all mathematical methodologies worthy of the dinosaur age... The company’s 130 global analysts will stay focused on the most popular funds... They currently provide...
SEC signals tougher line with oil companies on climate… the top performers ytd are in danger?
Regulator forces ConocoPhillips and Occidental to hold shareholder votes on emissions targets... The SEC denied requests from both ConocoPhillips and Occidental Petroleum to throw out shareholder motions that would force them to lay out detailed plans for cutting...
The first of the biggest market squeezes is blasting! The first and not the last one… Time to short US banks and markets?
As mentioned in my previous Global Macro Insight, markets have three Damocles swords over their heads: Short Dollar, Short Volatility, and Long US 10Y... Our positioning has been long dollar since the beginning of the year. Now, the short dollar is imploding. I am...
ECB stress test reveals economic impact of climate change
This report validated our approach, illustrated by the process applied to our China Decarbonization 2060 thematic. Our approach is dictated by the costs before to selected the right investable assets. The European Central Bank has identified “a major source of...
China, Japan risk miscalculation over Diaoyu islands
As mentioned previously, Taïwan is one of the hottest geopolitical spots in the world. Hong Kong is also in this category after G7 expresses 'grave concerns' over electoral changes. We could unzoom and consider all the China Sea as the worrying geopolitical area in...
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