October 2018 - Available

Monthly Issues

Issue #22, 11th October 2018

Themes:

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04/ Executive Summary

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06/ Mapping the Markets

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12 / US Economy Expands; Prices Spike Higher Amid Signs Of Accelerated Buying Due To Trade Issues and the Fed presses on the brake

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16/ Timing and Tactical Insight - Financials Markets are anticipating a mature business cycle

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23 / The Fed shifts to restrictive policy stance, push yields sharply higher and steepen the yield curve; preparing for a fallout on risk assets

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27 / Timing and Tactical Insight - In search of the neutral rate Graal

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34 / The equity markets take fright at the sharp rise in yields and Fed’s policy communication folly; risk-parity fund managers will push markets towards “convergence to the mean”

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37 / Timing and Tactical Insight - Intermediate correction or significant break? Looking into the recent weakness of US, Emerging and other Developed markets

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45 / Macro and micro factors are aligning to push the US Dollar even higher going into H1 2019: winners and losers in its wake

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50 / Timing and Tactical Insight - Strong Dollar dynamics and related trades

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56 / Splicing the markets - Weighing up Cyclical Value vs Defensives