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

Sugar – Multi-year bull market or just an extended rally?

Many commodity prices have somewhat rebounded in 2016 following a general decline in prices since 2013. While many investors have focused on crude oil as well as the shiny yellow metal gold, a commodity that may have been overlooked by the community is sugar. After a slow and gradual decline prices, sugar has bottomed in … More Sugar – Multi-year bull market or just an extended rally?

Learning from a King of Wall Street – Michael Steinhardt’s autobiogaphy

Investor Michael Steinhardt stands out heads and shoulders among all of the many numerous professional money managers that Wall Street has ever produced. He’s amazing track record of generating double-digit average annualised returns over a period of almost 3 decades (28 years to be exact) has made him and his clients a tremendous amount of money – a … More Learning from a King of Wall Street – Michael Steinhardt’s autobiogaphy

The Greenback’s bull run may not be over… yet

Year-to-date, the US Dollar has weakened against many currencies, including the Japanese Yen, the Swiss Franc and commodity currencies like the Canadian, Australian and New Zealand Dollars. This weakness has led to some commentators saying that the USD’s rise since 2014 is now over. However, there exists a high probability that the greenback may roar back to … More The Greenback’s bull run may not be over… yet