Month / March 2021
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Why Covid’s 3rd wave will be the last big one and why China risks are growing
Last week’s markets provided a brief glimpse into ‘what if we are wrong?’ scenarioLast week we saw what looked to be a brief quarter-end related profit taking in cyclicals and re-opening plays…
March 28, 2021 -
Japan should continue to outperform while NT ratio likely passed its historic peak
Generational monetary regime change while Japan stocks shineAs we have explained, March could prove a pivotal month for 2021 as rising rates have strongly signalled what could be a generational change in…
March 21, 2021 -
Markets entering a regime change which looks very bullish for Japan equities
Growth stocks derating should continue but markets look well supported As we have previously noted, we think this trend in growth stocks derating should continue in global stock markets, at least until we…
March 14, 2021 -
Japan fertile ground for L/S funds while K-shaped markets fade in memory
Tech derating should continue, pushing down PEs to low teensWith the Fed looking fairly comfortable for now to allow market forces to dictate long term rates, we don’t think this rate normalisation…
March 6, 2021