Market Thinking

making sense of the narrative

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Month: November 2022

Money in the Bank(s)

The top down case for European Banks – this time it really is different As Hong Kong finally opens up, we had the opportunity to catch up with some of our friends and colleagues from Toscafund who were marketing in Read more…


Tokens and Tinker Bell Economics

With my surname, I really had to post this link from the Streetwise Professor Blog about Tinker Bell Economics. But mainly I have highlighted it because it’s really good. token valuation relies on magic–belief, actually. That is, tokens are valuable Read more…


MADE FALSE BANK, AM RUIN*

*On the basis that among the many things we couldn’t believe about the FTX debacle, we thought it couldn’t be a real name, we tried myriad versions of anagrams of Sam(uel) Bankman Fried and concluded that while Slam me a Read more…


November Market Thinking

Seasonality in markets often has underlying market mechanics behind it. The end of October for example is the deadline for tax loss selling by US mutual funds, something overlooked in a bull market, but obviously highly important this year, while Read more…