Friday, 25 August, 2023
No images? Click here AFR: Hordes of investors ‘stuck’ in painfully over-valued assets An unusual period of excess liquidity has helped equities and risky assets, but it is now unwinding and adjustment will be painful. Christopher Joye, portfolio manager, Coolabah Capital Investments Over at the AFR I write there are big secular shifts in asset allocation under way as large institutional investors suddenly realise that they are massively overweight illiquid assets and equities. […] Read More
Thursday, 24 August, 2023
{US} are you ready for JH: A range of speakers tomorrow outside of the two big guns 2000 NY / 0100 UK US – Jackson Hole Agenda Released 1005 NY / 1505 UK US – Fed Speaker: Powell at Jackson Hole. Text yes 1100 NY / 1600 UK US – Fed Speaker: Harker with Bloomberg TV 1130 NY / 1630 UK US – Fed Speaker: Harker with Yahoo Finance Live 1130 NY / 1630 UK […] Read More
Wednesday, 23 August, 2023
(BBO) Can Oxbridge Save Harvard From ChatGPT?: Adrian Wooldridge Read More
Tuesday, 22 August, 2023
UST ROLL REPORT :: First Notice 31st August Barc and citi roll views attached below 30yr Ultra 9% complete -1-15 / -1-14.75 {wnwn Comdty gip10} 30yr 13% complete -05 / -04.75 {usus Comdty gip10} 10yr 6% complete -14/-13.75 {tyty Comdty gip10} been getting sold all through the london session 10yr ULTRA 3% complete -17.5/-17.25 {UXYUXY Comdty gip10} 5yr 8% complete -15.5/-15.25 {fvfv Comdty gip10} we have been buyers alongside others over last few days 2yr […] Read More
Tuesday, 22 August, 2023
AFR: Higher rates crushing asset prices, again […] Read More
Monday, 21 August, 2023
Core UK inflation has begun to fall in past 2 months, ONS research finds Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here.https://www.ft.com/content/6b0b8233-df20-457e-ac3e-9294e46d2e2c Core […] Read More
Friday, 30 June, 2023
{AU} AFR – Chris Joye – Prepare for equities and property pain Higher long-term risk-free cash rates are going to create a protracted pain trade for risky assets. https://www.afr.com/wealth/personal-finance/prepare-for-equities-and-property-pain-20230628-p5dk7k Jun 30, 2023 – 12.26pm Save Share Notwithstanding this column’s preternatural optimism, there is, regrettably, more bad news to deliver. The latest data on Aussie inflation shows that it accelerated, rather than decelerated, in May and is not slowing in trend terms as fast as the […] Read More
Tuesday, 27 June, 2023
Livewire: Aussie corporate insolvencies explode: 868 businesses go bust in May, highest since 2015 There has been a sharp increase in insolvencies, led by construction and hospitality, coupled with a huge rise in non-bank RMBS arrears… Christopher Joye, portfolio manager, Coolabah Capital Investments Over at Livewire I write the latest ASIC data for corporate insolvencies continues to deteriorate with the regulator reporting that 868 businesses went bust in the month of May, which is the […] Read More
Wednesday, 21 June, 2023
The Times – Raise interest rate to 5%, Times’ shadow MPC tells the Bank Wednesday June 21 2023, 12.01am, The Times https://www.thetimes.co.uk/article/87a1ed54-0fa9-11ee-a92d-cf7c831c99b5?shareToken=fac435c41ae32cf7695b7b52fff054f1 The Bank of England should raise interest rates to 5 per cent this week in an aggressive move to fight back against stubbornly high inflation, according to The Times’ shadow monetary policy committee. In a 6-3 vote split, the shadow MPC — made up of former ratesetters, ex-Treasury officials […] Read More
Tuesday, 13 June, 2023
WSJ’s Timiraos – Fed-Rate Projections Could Rise to Underscore Inflation Anxieties Officials could pause rate increases this week while penciling in a hike amid unexpected economic resilience https://www.wsj.com/articles/fed-rate-projections-could-rise-to-underscore-inflation-anxieties-496a0a60?mod=panda_wsj_author_alert Federal Reserve officials’ concerns about stubbornly high inflation could lead them to signal that they are prepared to lift interest rates again this year even if they hold them steady on Wednesday. The Labor Department is set to report on inflation on […] Read More
