Market Thinking

making sense of the narrative

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Cognitive Dissonance

As US and other equity markets continue to hit new highs, we see increasing examples of Cognitive Dissonance emerging, notably in the response to the US Election. Historically this can lead to a sudden switch in the ‘narrative’ which can Read more…


What are Bonds for?

The Fed cut rates again this week as expected, moving policy making even further away from economic models – as previously noted, the so called Taylor Rule that formalises all the high frequency data the bond economists obsess over would Read more…