Farewell Alastair Darling and Shane MacGowan.
COP 28 has been getting pushback from activists upset big-business is attending. That’s possibly the best thing for the planet if the commercial sector embraces the challenges and opportunities raised by climate change!
The Gods of Chaos have brought together an alliance to bring down the West. If its not the weather, it will be Russia, Gas prices, the Middle East and Oil, or maybe the prime global commodity – Chips – is the next thing they will target. I'm staying long Gold.
The G20 Gabfest in Delhi will boost Modi and paint India as the nation everyone wants to engage with, but it also hints at the end of the current global financial order of the G20, G7, The World Bank, IMF and WTO – No matter, we can build something better.
Are current markets turning into a bad dream? There are so many reasons to be fearful, but giving into our terrors shows how driven by bias we are. A Hornet in the Bedroom Moment can make everything look bad. The reality is… probably not as bad as it looks!
Japan says it is not tightening? Nope. It “eased” yield curve control which is normalisation by any other name. It will have profound global investment flow consequences. Time to buy a new copy of the Japan Company Handbook and put your buying boots on.
The debt ceiling crisis has lifted a cloud from markets, but we’re still looking for resolution on inflation, geopolitics and a host of other issues. Maybe the real issues are about valuations – which remain over-extraordinary.
China will remain the driver of global growth as the West continues to slide. The economy is reopening swiftly, raising increased fears of de-dollarisation. It’s easy to get emotional, but the reality is its happening, get used to it, and figure out the outcomes. They may surprise you..
There is nothing as dangerous for markets as directionless markets and a deep threat board. Place your chips accordingly…
Markets have a habit of getting over-excited. They get FOMO and become over hasty. Although the outlook is improving, there is certainly little to justify some of the more speculative hype dominating market moves. Time a bit of rational thinking and common sense – consider Tesla as an example of misplaced hopes.
Around the globe everyone thinks inflation is beaten. It may well be, but the consequences will persist. Interest rates may not “pivot” the way market optimists hope, with profound implications for equities and bonds. We are into a new market cycle of normalised rates and corporate fundamentals. All-in-all, that’s a good thing for growth!
