Month / February 2022
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Russian invasion of Ukraine has greatly raised spectre of stagflation
The Russian invasion of Ukraine has added yet another major layer of market uncertainty that has greatly raised the probability of stagflation, a scenario which we have deemed an unlikely one for…
February 27, 2022 -
Geopolitical and regulatory hurdles leave tech stocks highly vulnerable
Market turmoil continued last week and although inflationary pressures dominated headlines, a potential Russian invasion of Ukraine and its impact on energy prices have not helped matters. Geopolitical and regulatory tensions with China…
February 19, 2022 -
BOJ’s coming battle to keep rates low to bring big shorting opportunity in JGBs
Last Thursday’s big announcement that BOJ will begin buying more longer-dated bonds to keep rates from rising, was largely overshadowed by headline inflation numbers in the US which once again surprised the…
February 12, 2022 -
Big PE compression of growth stocks looking likely; Short NT ratio call revisited
As we mentioned last week, with wage inflation running red hot, a breakout of the US 10-yr treasury yield above its technically crucial 200-wk moving average looked inevitable in the near term.…
February 5, 2022