I very pleased to bring you the latest, hugely insightful, multi market macro report, namely, the Thunder Road Report. During this festive holiday period its a perfect time for some reflection on the macro and how this feed into our macro and micro allocations for the coming year. A very timely release therefore. Thunder Road’s …
Continue reading ““The New Great Game” Thunder Road Dec2013″
Spain continues her economic struggle with another negative year for growth in 2013. The clear problem for Spain continues to be a lack of credit for the private sector, households and corporates alike. Year on year, since the onset of the 2008 global financial crisis loans to the private sector have fallen sharply. The Spanish …
Continue reading “Macro Outlook “The Pain in Spain” – IMF, ML, CapSyn – Dec13″
Macro wise, very high correlation in allocations and perspectives across the majors which represents a high risk to asset markets. If we do hit unexpected problems, volatility could spike up in 2014 due to this herding phenomena, be warned. There is little or no downside risks priced into this market on a macro level. CS-GlobalEquity-2014 …
Here below some final 2013 weekly reports from the majors sticking to the themes we have seen before. Inevitably they are forward looking into 2014. Its clear on a macro market level (ie on major themes) the institutional teams are uniformly sticking to the over weight equities and under weight bonds but long junk. Under …
Continue reading ““Deleveraging? CapSyn Outlook & “MM” Weekly Reports – 21st Dec13″
A very brief Christmas technical update as the US markets soar to new all time record highs capping a wonderful year for speculators and investors alike. 2013 has conformed perfectly to second half of December strong positive seasonal period. Some call it ‘window dressing’ and some call it Santa’s Rally. For whatever reason we have …
Continue reading “Xmas Weekly Technical Update – “Santa’s Rally Sustains” 24th Dec13″
Here some very recent monthly wealth allocation type reports. JP-MMstrat-mnthly-dec13 jp-longtermstrat-17dec13 JP-allocations-mnthly-dec13 And here the ms “mm” 2014 forecast doc. ms-fc2014 All the best Rich
commerz-fxtech-10-12-13 JP-eurgbptrade-13-12-13 Scotiab-fxwkly-13-12-13 Danske-techtrades-11-12-13 danske-FX_Forecast_Update_December_161213 hsbc-fx-Monthlydec13 jp-fxtech-dec19-12 Citi-wealth-fxwkly-09-12-13
At present i post up these numerous economic and country focused reports without any commentary. The holiday seasons is a time for reflection and analysis of this data so lets come back and comment more meaningfully on some of the major macro themes behind and in front of us over the holiday period. Here some …
Its that time of the week for the usual technical update across the major asset markets. The Swiss team stick to their bullish theme of forecasting a likely near term bottom for the US indexes and a buying opportunity therefore. They also stick to their medium term view that a deeper Q1 2014 7 to …
Continue reading “Weekly Technical Analysis – “Mid Dec Buying Setup” 17th Dec13″
Here below some of the latest multi market “mm” reports issued late last week and some from close of business Friday. barcap-mmwklytech-12-12-13 cs-macrostrat-11-12-13 CSwealth-mmwkly-13-12-13 cs-wklymm-11-12-13 CS-mmwkly-13-12-13 Danske-mmwkly-13-12-13 MSwealth-dec13 I stated last week that i would be more bearish than i am at present in terms of allocations and weightings if it wasn’t for the positive …
Continue reading “Weekly “MM” Reports – Barcap,MS,CS,DanskeB 13 Dec13″
Here three outstanding reports from JP running the continued theme of forward looking 2014 view.No tech in specifically but don’t let that stop you from reading these two from the UK teams first and the third from the US equities team, which is a bit more of a cheer leading review, i believe. Both these …
A host of weekly “MM” reports from the major institution’s wealth and private banking teams. There is much to add comment to these reports but under immense time pressure as we build to year end here. citi-wealth-mmwkly-09-12-13 Barcap-wklymm-06-12-13 cswealth-wklymkts-06-12-13 GS-WklyMkts SC-wklymkt-07-12-13 FX and Equity to follow shortly. Luck to all Rich