Soros, Reflexivity & the Aussie Housing Market (Quick Thoughts)

I once learnt futures trading under an ex-investment professional who was with Temasek and later in the hedge fund industry. While I adapted my style and strategy over the years, there was one valuable piece of advise that I held to heart till this day. Over lunch once, he talked about the famous macro investor … More Soros, Reflexivity & the Aussie Housing Market (Quick Thoughts)

Weekly Observations: Central Bankers as Gamemasters

An excerpt from a week’s journal: 20 August 2018: Observations & Thoughts Today was generally a risk-on environment, with Chinese equity indexes leading the way in Asia Pacific (Japan and South Korea lagged). Indian equities continued to climb higher. The Yuan has also somewhat stabilised and has strengthened against the USD since last week. Chinese … More Weekly Observations: Central Bankers as Gamemasters

Weekly Observations

An excerpt from a week’s journal: Weekend 4 – 5 August 2018: Observations & Thoughts What a crazy week of a series of risk-off days. It’s time to reassess the macro liquidity landscape: US high yield bond credit spreads remain under control and are still relatively tight: The Chicago Fed’s ANFC Index is still at … More Weekly Observations

We’re in an era of ‘Strong Men’: 4 things investors must take note of

Political experts use the phrase ‘strong men era’ to describe the current political landscape. Everywhere across the world, authoritarian leaders have swept into power (or simply seized it) since the start of the current decade. In the US, Republican President Donald Trump is widely considered as a populist politician who has an anti-establishment leaning. His … More We’re in an era of ‘Strong Men’: 4 things investors must take note of

3 areas to steer clear of & 1 chart to monitor

The investment landscape is changing for the first time in 8 years. According to the IMF‘s data, America’s economy is operating at if not above capacity (output gap closing), with a relatively tight labour market and leveraging by both corporations and households. A pickup in investment began early last year, as growth accelerated and companies … More 3 areas to steer clear of & 1 chart to monitor

3rd Quarter 2017 Review: Time for Kaizen!

The Japanese have a term to describe the effort of continuous improvement for the better: 改善 (pronounced ‘Kai-zen’) That’s what exactly what I need to do. Ever since I decided that I wanted to be a successful macro investor, I’ve embarked on my never-ending journey, climbed mountains and went through valleys, sought out the sages, … More 3rd Quarter 2017 Review: Time for Kaizen!