Everything in our US model portfolio screams that we need to continue to tilt the portfolio in a cyclical direction. The signal is just not confirmed across the Pond(s) in Europe and China.
Summer volatility razor, BoJ and Xi’s real estate malaise have all contributed to headwinds for most asset classes. We are still alive and kicking despite a few knocks and bruises. Read here for full context
A relatively strong week this one despite Xi keeps hunting us. The boomer trade has been doing bits along with the curve steepener. But we will probably be making changes soon. Read below for context
The steepening of the USD curve is the overarching market driver and we have thankfully partially rotated our portfolio in the right direction ahead of the move. How do you trade a steeper yield curve across assets? Our weekly portfolio update is out!
BoJ’s decision is of course the big talking point for markets this week. Our book keeps up despite some impact from Ueda’s decision- but what will it mean and how will we trade it in the coming weeks? Read our view below
We are back up on the week having forecasted the CPI record better than the street but contrary to the prevailing sentiment we think this juncture may prove a little counterintuitive
Volatility has been detrimental to many books this week which too is reflected in some of our positions and it appears that diversification is gaining increased significance given the resurgence of volatility. Traders who are not paying attention here will pay for it involuntarily
Each month we assess the macro environment based on liquidity, inflation and growth models. Our models were right that inflation, growth and liquidity would all drop in June, but for July we see a possible slight uptick in growth, while inflation and liquidity will continue down.
Follow along as we keep you updated on our live portfolio and how we view the world allocation-wise every week!
With today’s recessionary PMI numbers, hawkish central bank rhetoric and a shift in price action, there are good reasons to believe that positioning might flip from now on, as investors will likely prefer bonds over equities.
Bulls are reigning currently, and the Steno Research portfolio keeps riding the wave. Has the rally got legs or is it time to cash in while we’re ahead? – Our considerations here.
Our portfolio is green and we are content with the returns despite a few bad apples in the mix. The market environment is uncertain, and we anticipate increased selling pressure is imminent once the tightening gets going. Risk management and diversification are crucial in this setup. See our weekly performance evaluation for here details
AI is mana sent from heaven, while McCarthy and Biden have allegedly agreed on a debt ceiling deal. We continue to favor positions with a positive beta to slowing inflation despite the recent concerns around stickier for longer.
As we close out our first week with a live portfolio, we are excited to introduce our new weekly watch piece, providing a comprehensive summary of our trading week. Every Friday, we will release this publication, and we extend a warm welcome to you all in this premiere edition!
We have launched our live portfolio monitor, which allows you to track our performance and our positions in real-time. The live feed will be available for premium subscribers only, while we will deliver occasional updates on the composition for basic subscribers as well.