making sense of the narrative
December 23, 2022
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…
December 15, 2022
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…
December 13, 2022
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 8, 2022
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…
December 5, 2022
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…