Global growth had stabilized and in some cases was even perking up when nCoV arrived. EM had quickly become crowded as a global reflation and value trade. These positions are now under intense pressure. The US is still holding in, but for how much longer?
BY ERIC FILL
This week we look at the recent Fed meeting and how the nCoV fears are infecting the markets. SAM Weekly Feb 03 2020
Other posts
Trump Auto Tariffs, Fed Speakers, CoreWeave’s IPO
BY TEMATICA
Ahead of March quarter earnings, S&P 500 price target cuts are starting...
Read more →
C8’s Weekly Bulletin: Seasons Greetings!
BY JON WEBB
It has been another strong year for C8 Technologies, as we continue to expand and spread the direct indexing message worldwide. We could not have done it without you all, our clients, partners and friends. We are very grateful for all your support in sharing our journey and achievements. Thank you! May we wish you the season's greetings and best wishes for 2023. For our final issue of the year, we highlight the recent recovery in interest rate and bond markets, and in 'long-only' allocation strategies, both of which were hit hard in the first three quarters of 2022.
Read more →
Thoughts From The Divide: Little Tweaks and Adjustments
BY JON WEBB
“I actually think we’re going to see inflation be choppy, and I expect that we’ll see employment stay robust.” As we noted back in May, “one swallow does not make spring”. But if we are to follow the advice of Keynes/Samuelson, when information changes, we should adjust our conclusions. Blast! The trick is, of course, balancing the two ideas to adjust conclusions when the evidence suggests such an adjustment is appropriate: you might call it Bayesian inference. The above quote from Bostic illustrates the problem, with the Atlanta Fed head implicitly stating that he will be ignoring any hot inflation prints.
Read more →