Market Views

Japanese equities and the end of the Abenomics boost; what does normal look like for Low Volatility stocks; and have Value stocks re-rated after an impressive year?

Who knows best – CEOs or analysts?; can news sentiment gauge what information is already in prices?; and the divergence between US and European equities.

If we follow the path of money creation, might inflation fall rather than rise?; and what positions are trend managers holding?

Hedge fund managers generally posted losses in a choppy month for traditional risk assets.

The Taylor Rule has been quietly abandoned – but does it explain why we have raging inflation?; risks are rising in UK equities; and a gaping hole that means pension funds need alpha.

When sentiment and spending disagree; how do gold and equities perform when rates go up?; and how we learned to stop worrying and love the peg.

Three spontaneous and unrelated market musings: the overvaluation of the pound, how an inflation rollover doesn’t mean the end of an inflationary cycle and importance of free cash flow.

Does a bear market always lead to a recession?; to gauge the pain of equity selloffs, index levels aren’t enough – we need to know how many stocks are down as well; and the de-risking driving hedge fund returns.

Has recent volatility forced markets from hedging mode to liquidation mode?; the unusual 5-week selloff of both Treasuries and the S&P 500; and the trials of being a central banker in a time of stagflation.

When markets enter a prolonged selloff, should investors buy into the downturn?; and how to cope with an underperforming 60/40 portfolio.

April was a mixed month for hedge fund managers, but continued to provide good diversification to traditional assets.

Contrarian alert! While market commentary is focused on ever-rising inflation, history shows that higher inflation also means higher inflation volatility - providing some surprising opportunities.