Market Insights

🖥️  LONG TECH STOCKS = LONG BONDS Morgan Stanley is echoing our thoughts on the relationship between bonds and tech. To us this highlights how interlinked many markets are and how the general stock market (with its huge weighting in tech/growth stocks) is probably not a great hedge against inflation. From

🛢️  THE STATE OF OIL & GAS While nothing we don’t already know, this Bloomberg piece provides a terrific insight into how pervasive and powerful the ESG hysteria really is (even among the “Big Boys”) and what that means for the energy market: We have relationships with approximately 400 institutional investors

While we’re being told coal is having “an existential crisis,” The Wall Street Journal reports: Coal was in decline for years in many countries, but its use is now picking up in the U.S., China and Europe despite growing pressure from governments, investors and environmentalists to curb carbon emissions. The

With government (as well as corporate) debts at nosebleed levels AND interest rates at by far the lowest point in the last 140 years, we’re facing a unique dilemma today… What happens if we were to ratch interest rates up like Volcker did in 1980, when inflation raged? As we

This week’s issue is going to be slightly different — an excerpt from a recent issue of Insider Weekly that is guaranteed to ruffle the feathers and trigger a flood of hate mail in our inboxes, so consider yourself warned… We’re going to take a closer look at bitcoin, specifically

We highlighted before the decline in capex by (predominantly Western) oil and gas companies. Take a look at this chart, which shows just how steep this drop is: The irony of the situation is this lack of spending on replacing reserves is paving the way for a repeat of the

📈  INFLATION: THE CAT IS OUT OF THE BAG Over in the US, the core CPI just hit the highest level in nearly 30 years: Not to mention the fact that food prices are up 40% in some cases over the past year. But don’t fret. The pointy-shoed experts have

A month ago, on 27 April, we said au revoir to our bitcoin holdings. After hanging on to our coins for years (we were bullish on bitcoin since 2014 and recommended it to clients at $450), we sold our entire position. So why the change of heart? As we explained it