Markets
The US Dollar in 2022: Cautiously Bullish
We look at what the USD did in 2021 and make the case for 2022.
Forget China, look into Energy, Crypto, and Value
We're not interested in buying the China Tech dip - there's plenty of opportunities elsewhere.
Repricing of Rates, VAR Shocks, and the Dollar
How can monetary policy help solve the problem of higher input prices? It can't.
Global Risks: Energy and China
The energy crisis is likely to get worse, and China risks will likely be contained.
Tapering, Disappointing Data, and Lack of Global Growth
Whilst 'Tapering' in 2013 meant higher yields, this time around, if it does take place, it'll likely lead to lower yields.
Infinite Inflows, China’s Tech Crackdown, and Increased OPEC Pricing Power
Record-high equity inflows promise a continued liquidity bonanza for markets, while the oil supply and demand imbalance is likely to grow more acute than what consensus expects.
The Dollar, Emerging Markets, and Volatility
A surging dollar could have significant implications for reflation, emerging markets, and volatility.
Tapering, The Return of Growth, and Oil's 7-Years High
Tapering is not yet an issue, growth is timidly coming back and oil is near 7 years high.
Market, Corporates and Central Banks’ View on Inflation
Commodity prices and CPI subcomponents continue to flag an increased risk of inflation.
Healthier Positioning, Green Politics, and Carbon Allowances
Positioning in the market has become less extreme, especially ahead of what has historically been a lower return period for the stock market.
Corporate Taxes, EM Tech, and New Investing Principles
We find the increased focus on corporate taxes to be a fair and necessary discussion to have, especially given the number of loopholes that corporates are currently benefiting from.
Gold Miners and Energy Alternatives
The reflation trade is still alive, gold miners may provide an outsized opportunity, and the low carbon emission economy is becoming an important long-term economic driver of prices.