Market Thinking

making sense of the narrative

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Tag: Covid

A Peg Protection Parallel to Prevent further Pan(dem)ic

One of the (few) advantages of getting older is the benefit of experience, if not always wisdom. As such we sometimes spot patterns that are not necessarily picked up by historical graphs or datasets, based on ‘lived experience’. Thus in Read more…


Can the Media live without ‘The Donald’?

The US Media are struggling a bit with the significant reduction in Trump content in recent days. As noted back in 2016, his carefully curated character of “The Donald” would send, often outrageous, tweets at all hours of the day Read more…


One world two systems

Since the Global Financial Crisis, the west has slowly woken up to the fact that China does not intend to play entirely by their rules. It has adapted its centralised approach to allow for market prices to send signals about Read more…


No escaping the Covid narrative just yet

Just when I thought I was out, they pulled me back in again Michael Corleone. Godfather lll A wise man once said that all life could be explained through one of two prisms, Cricket and the films of the Godfather Read more…


The importance of battleground states

Last week we discussed how the Biden/ Harris ticket is actually the establishment proposition, a kind of ‘Blue Pill’ offered to the American people so that they can pretend that the world that Donald Trump has revealed doesn’t really exist. Read more…


High Viz land

In a post early in the Covid saga, we drew attention to the potential parallels with the Stamford Prison experiment, a true story of a psychological experiment that went badly wrong. Every day the parallels get stronger as the equivalent Read more…


The dangerous vaccine narrative

Markets start the week with some profit taking from the hot markets in China spilling over into a generally weaker Europe disappointed by lack of co-ordinated action on any form of fiscal stimulus ‘rescue package’. The US meanwhile is navigating Read more…


Travelling

Posting has been light this week due to travelling back to Europe and subsequent jet lag. A few observations however. No sooner had we posted on the template that Hong Kong provided for the west, both good and bad, than Read more…


Back to 2015?

There were shades of 2015 in the Chinese markets this week as margin financing came roaring back in for China’s re-boot of the ‘can’t lose’ mentality recently adopted by the RobinHood day traders in the US – and still frankly Read more…


Dropping back to support.

The US markets last week sold off into the close as they began to worry about the long awaited (and dreaded) second wave of the virus, coming straight back to the long term support line at around 3000 on the Read more…