Global risk assets continue to look overbought, as we mentioned in our previous post. The current environment continues to merit caution for long biased traders.
One of the points we have been emphasizing to clients in recent months is that US small caps are looking increasingly less attractive compared to large caps. Small caps have [...]
One of the themes we have been tracking in the past 6 months is the slowdown in global money growth and excess liquidity. The focus on the second derivative is important [...]
One of the equity themes we have been highlighting in the recent month is ongoing mismatch between high expectations in Europe relative to lacklustre growth in profitability [...]