Flash Crash or Topping Process?
We may not be able to predict the markets, but one thing we can always see coming: a lot of hype whenever markets...
We may not be able to predict the markets, but one thing we can always see coming: a lot of hype whenever markets...
Promising investments can come from anywhere. There are no patents on investment ideas. The only common factor in our search for fifty cent...
In our Annual Letter to investors we highlighted the collapse in the long-end curve as an indication of a maturing economic cycle (chart below): Our...
The US economy likely grew at its fastest rate since the start of the expansion in 2009, yet earnings forecasts are now falling at...
Many fundamental "bottom-up" investors often denounce macroeconomic forecasts. What may be less clear, is that this does not imply they are oblivious to...
Source: Bloomberg, SG Cross Asset Research...
In a recent presentation, available here, we included a slide displaying the gap between actual and trend earnings per share. We concluded that...
Best headline of the week goes to Bloomberg's Michael Regan - Everyone’s Don Draper Now as Volatility Nostalgia Sweeps Markets. According to Regan, "Many on...
Couldn't resist. Is there a better way to start the weekend than MTV with Dire Straits? The European Central Bank cut its deposit rate...
It would seem that there are risks to the macro outlook. For the time being, equities appear content to ignore disappointing macro. It also...