‘Run Screaming For The Hills’: Presenting The Fallacy Of Disaggregation

“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”

Advertisements

What’s The Most Expensive Asset This Week?

Paging 2 Chainz…

The Most Overpriced Asset In The World?

“…they turned on poor Hugh like a pack of rabid dogs.”

Presenting: A Crazy Week In Charts

Ok, well this was an interesting week…

Tuesday In Charts: ‘Remember To What You Owe Your Good Fortunes’

“We think the timing would be good for investors too to remember to what they owe their improvement in fortunes”…

A Total Return Chart Lesson

“The problem that arises is that most traders look at charts that simply ignore this fact. When a new contract takes over as lead month, they simply flip over to the new contract.”

Large Block Trade Triggers Bund Rally

Since everyone is laser focused on DM yields and, more specifically, on German bunds and whether we’ll get a repeat of the 2015 bund “tantrum”…

Ok, So How Much Worse Can This Bund Selloff Get?

“That depends on tactical factors, positioning and valuations”…

A “Tantrum” By Any Other Name…

“The main difference between where we are today and where we were in previous tantrum episodes is positioning”…

Guest Post: A Bearish Positive Carry Trade

“This has long been one of my favourite trades, and even though it has moved my way, I am not taking any off. In fact, now that it is working, I probably should be adding…”