This week we look at what has been driving markets and the precarious position that countries with low growth now find themselves in. Coronavirus will take a bigger bite out of global growth than is priced. Implied volatility is still cheap across asset classes.
BY ERIC FILL
SAM Weekly Update – Markets have only had eyes for growth and the avoidance of negative yields. Volatility to follow.
NDR Dynamic Allocation Strategy August 2024 Update
BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update
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Thoughts From The Divide: The Vital Few
BY JON WEBB
Winston Churchill said the above line in a speech delivered in 1940 to the House of Commons, noting in his survey of the war efforts that “The gratitude of every home in our Island… goes out to the British airmen who, undaunted by odds, unwearied in their constant challenge and mortal danger are turning the tide of the world war”. While we don’t want to focus this week on the “psalm of swords” (though we would note Denmark’s government may have broken the first rule of Fight Club in recommending its citizens stock up on water, food, medicine, and iodine tablets!), the British Bulldog’s words are particularly apt at the moment given so much of the economic landscape is dependent on “the vital few”.
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C8 Currency Compass – March 2025 – ‘Trade Wars are Good and Easy to Win’ Pres Trump (2018)
BY JON WEBB
Our January switch to USD weakness has worked well. The USD models are more neutral now. US tariffs have had a mixed USD reaction to the various currencies. The other country's response and context matters.
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