Last week saw wild volatility in global asset markets as CPI remained elevated and rates continued to rise across the board. Falling bonds, falling equities and a compressed VIX is likely the combination that causes maximum pain to all investment strategies. The US$ strength reflects the best house in a bad street. We are patiently […]

Last week, global equities rallied strongly before fading badly as bears regained control to test support (again). The Fed remains resolute as it continues to signal higher rates for longer resulting in reduced liquidity and greater uncertainty for risk assets. Global rates continue to rise across the board as the strong US$ exports inflation in […]

Last week, global equities extended their declines to new cycle lows despite interventions by the Central Banks of Japan, China and England. The Fed's strong hawkish signalling reaffirms the bearish outlook for global risk. The Fed won't stop until long rates stop rising and they get back ahead of the curve. Global equity markets remain […]

Markets remain in a big picture bear market. Equities extended lower last week to tag our initial downside targets with a hard test of the June lows. It's make or break time. The US$ broke to new cycle highs across the board with the Euro and Pound breaking to new lows. Bonds continued to sell-off […]

Last week, equities turned lower from highlighted fib resistance following the hotter than expected CPI report. It all comes back to the Fed - as CPI remains elevated, the Fed will keep raising rates to constrain the long end of the curve in a highly indebted world. Markets had been "hoping" for a moderating CPI […]