Global Macro Perspectives
Equities We have seen a meaningful correction in equities in recent couple of weeks, we have a market that fails to react to presumably good news, we have low levels of cash in equity mutual funds and still high number of bulls; high beta stocks suffered massively; For me this is a setup for reversal, […]
I am starting a monthly strategy overview to have my strategy in one place and a to test accuracy of my views. Written revisions and accommodations would also contribute to my investment discipline. Equities I have been surprised by the market strength as the market rejected the Dubai turmoil as a correction catalyst. This has […]
Back to norm. Dubai World announced debt restructuring talks on (only) $26 billion debt, and the crowd has gone wild. WSJ story (with nice interactive extras): Dubai World in Talks on Debt Restructuring. The dollar is falling again, risky assets are rising and the saga continues. New addition to the situation is The Bank of […]