Macro Nugget: When it rains, it pours…
In December of last year most container vessels had to be rerouted away from the Suez Canal due to the Houthis and now bad weather conditions at the Cape of Good Hope are making passage south of Africa difficult. This has skyrocketed freight rates and the big question...
EM Watch – No fiscal stimulus from China as long as export-business is thriving!
We don’t expect the third Chinese plenum to bring about newsworthy stimulus as the rebound in the export-sectors is rock-solid postponing the need for radical fiscal action. This leaves metals vulnerable still. To read the full article, sign up for a 14-day FREE trial...
Macro Nugget: Earnings and market cap going hand in hand
Yesterday we honed in on the market concentration of SPX and how fewer and fewer companies are carrying the index. Thoughts naturally turn to the dot-com bubble which had similar concentration, but this time around a key difference is that large caps are seeing their...
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