Market Thinking

making sense of the narrative

Browsing:

Month: December 2022

Gold, Franc-incensed and Emir

Karl Marx famously said that Religion was the opiate of the masses, while legendary Liverpool Football managers Bill Shankly said Football “wasn’t just a matter of life and death, it was more important than that”. Certainly, in these troubled times Read more…


Will Central Banks break ranks?

Currently, equity markets in general are stuck just below their long term moving averages and, as we might put it, look to be ending a bear phase but not yet entering a bull phase, similarly gold, while credit and Bonds Read more…


China Covid Policy – update

In a recent note (The mountains are high..) we noted that: “China has a tendency to ‘test’ new policies on certain regions before going ‘nationwide’ with them. Thus, it is entirely possible for, say, the Greater Bay Area, including Hong Read more…


December Market Thinking

With the end to Mutual Fund tax-related selling in October and the closing out of the CTA hedge fund short positions ahead of Thanksgiving in November, the equity markets finally managed to put together two back to back positive months, Read more…


The Mountains are high….

There is a tendency in the west to see China as an authoritarian monolith – in contrast to the supposedly highly accountable democratic west, albeit only those with the shortest of memories can look at the current protests against Covid Read more…