Street Savvy

Highlighting uncertainty in financial markets is typically a low-value-add comment – that is their whole reason for existence, after all. We are also acutely aware of the risks of confirmation bias. Nevertheless, there are enough tangible risks

Equity markets rose 4%, recovering about half of May’s losses as we entered wait-and-see period. The core question for financial markets remains whether trade-inflicted damage on business confidence will take hold faster and/or outweigh the benefit o

The two future paths currently being predicted by bond and equity markets are close to mutually exclusive; and the old, New York trading-floor saying is “the smart money is in bonds”

After a few days of acclimatizing to the partial US yield curve inversion, equity markets...

Reporting season has concluded in North America some very clear themes having emerged...

While part of the catalyst was the New Year enabling certain market participants to return, the real driver was Fed Chair Powell’s speech last Friday...

For global risk markets though, the painful memories of 2015’s devaluation are still vivid. While such a move would not meaningfully impact the global economy in the medium-term, in the short-term it would create a perfect focal point for fear...

We are in this camp. The intent is to reinvest the proceeds either during a broad-market correction – perhaps during the traditionally volatile September / October period – or idiosyncratically if/when wish-list equities are affected by stock...

All of which leads to the question of how best to position for a market where numbers continue to improve (fundamentals), but perception may start to deteriorate (valuation).