From our perch, to describe the policy change by the FOMC today as a “dovish hike” is an oxymoron. To be fair, the Fed was clearly less hawk

The crash in trash (profitless technology companies) has been brutal year to date and from the peak in February last year (-40% year to date

Financial market volatility has continued over the past week, but has started to take on a new dimension. In contrast to the recent inflatio

As we often note, a behavioural episode is typically characterised by; a rapid and violent movement in price; focus on a single story; and o

Three major fears in the market prevailing bias; 1) inflation; 2) higher interest rates; and 3) and an imminent earnings downgrade cycle are

The recent market obsession – inflation – wasn’t quite as bad as feared, with the core reading falling well short of the consensus forecast

The news flow this week is likely to be relatively important for markets. Of course, as we often note, it is how price responds that matters

From our perch, the communication from the Fed’s Brainard overnight was thick with irony. As my Italian friend noted, I never thought I woul

The recent macro news flow has many parallels with the 1970s. As a result, I cannot seem to get the immortal Donna Summer out of my head. Th

Oh boy, what a quarter it has been in markets. The round trip on the S&P500 (the global risk proxy) has been -14% from the early January hig

Following the balance sheet recession Japan has experienced a long (perpetual) phase of near zero interest rates. The period also coincided

There is an old saying in the stock market that you should be buying when they’re crying and selling when they’re yelling. The observation i