Independent Insight Provider

Stewart Paterson

Macroeconomics

The last few weeks have seen an escalation in what may become a process of de-globalization. With global manufacturing and supply chains so inter-twined, it has the potential to be very disruptive, particularly for multi-national corporations that have championed and benefited from the growth in trade over the past two decades or so. Many of Asia's most successful private companies, such as <a href="https://www.smartkarma.com/entities/6290" target="_blank" data-smartkarma-citation="entities:6290:1">Li &amp; Fung Ltd (494 HK)</a> owe their existence and there success to the integration of the Chinese economy…

The last few weeks have seen an escalation in what may become a process of de-globalization. With global manufacturing and supply chains so inter-twined, it has the potential to be very disruptive, particularly for multi-national corporations that have championed and benefited from the growth in trade over the past two decades or so. Many of Asia's most successful private companies, such as Li &amp; Fung Ltd (494 HK) owe their existence and there success to the integration of the Chinese economy…

Money Matters: De-Globalisation and Asset Prices

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>Consumers’ eagerness to shop online benefited internet retailing in 2017.</li><li>The competition strengthens as more players seek to capitalise on Thailand’s growth potential.</li><li>The expected increase in smartphone penetration will drive internet retailing in the forecast period.</li></ul>

Consumers’ eagerness to shop online benefited internet retailing in 2017.The competition strengthens as more players seek to capitalise on Thailand’s growth potential.The expected increase in smartphone penetration will drive internet retailing in the forecast period.

Sector Capsule: Internet Retailing in Thailand

Founder and Strategist, Entext Economics & Strategy

Sean Maher

Founder and Strategist

Entext Economics & Strategy

Entext provides institutional investors with distinctive, actionable asset allocation and thematic research, which typically challenges the market consensus. Our clients range from credit, equity and multi-asset hedge and pension funds to family offices and sovereign funds. 
 
We focus on identifying key inflection points in macro data and relative asset performance amid the 'groupthink'  and confirmation bias that characterizes most investment bank analysis.

Macro Driven Investment Insight

<ul>
<li>Trump’s confrontations with China and Amazon are addressing economic taboos which Washington has long chosen to ignore and trampling over the army of lobbyists paid to maintain the status quo.</li>
<li>The view in the last note that China can’t win a tariff war and will be forced to deal inspired the sharp rally this week, led by Japan and Europe, energy and the USD but volatility is the new normal.</li>
<li>The lessons from the Enron debacle bear revisiting i.e. be suspicious of gratuitous financial complexity…</li>
</ul>


Trump’s confrontations with China and Amazon are addressing economic taboos which Washington has long chosen to ignore and trampling over the army of lobbyists paid to maintain the status quo.
The view in the last note that China can’t win a tariff war and will be forced to deal inspired the sharp rally this week, led by Japan and Europe, energy and the USD but volatility is the new normal.
The lessons from the Enron debacle bear revisiting i.e. be suspicious of gratuitous financial complexity…


Enron Revisited, Esports to Broaden Gaming Market…

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Over the last week or so, US President Donald Trump has ramped up his attacks on <a href="https://www.smartkarma.com/entities/409" target="_blank" data-smartkarma-citation="entities:409:1">Amazon.com Inc (AMZN US)</a>, accusing the e-commerce giant of exploiting the US Postal Service and refusing to collect sales tax as required by law. Most observers attribute Trump's increasingly sharp attacks on Amazon to his ongoing feud with the Washington Post, which is separately owned by Amazon founder Jeff Bezos (the WaPo's coverage of Trump's campaign and presidency has been largely negative). However, after…

Over the last week or so, US President Donald Trump has ramped up his attacks on Amazon.com Inc (AMZN US), accusing the e-commerce giant of exploiting the US Postal Service and refusing to collect sales tax as required by law. Most observers attribute Trump's increasingly sharp attacks on Amazon to his ongoing feud with the Washington Post, which is separately owned by Amazon founder Jeff Bezos (the WaPo's coverage of Trump's campaign and presidency has been largely negative). However, after…

Trump's Anti-Amazon Tweets Are About More Than Just His Feud With Jeff Bezos' Washington Post

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

The S&amp;P 500 has been testing its 200-day moving average throughout last week and again on Monday. The Index closed 0.3% below the moving average yesterday, which is anything but a decisive break. Therefore, we continue to watch the 200-day moving average and the S&amp;P’s intraday low of 2,532.69 hit on 2/9/18 as critical support levels. Our chief concern and potential harbinger of further weakness is deteriorating breadth and the percentage of S&amp;P 500 stocks above their 200-day moving average which hit a new low on Monday.Today's report focuses on the health of the U.S. equity markets, by examining several internal indicators.  We also provide an appraisal of the FAANG stocks, and an analysis of the state of our 12 Sectors.

The S&amp;P 500 has been testing its 200-day moving average throughout last week and again on Monday. The Index closed 0.3% below the moving average yesterday, which is anything but a decisive break. Therefore, we continue to watch the 200-day moving average and the S&amp;P’s intraday low of 2,532.69 hit on 2/9/18 as critical support levels. Our chief concern and potential harbinger of further weakness is deteriorating breadth and the percentage of S&amp;P 500 stocks above their 200-day moving average which hit a new low on Monday.Today's report focuses on the health of the U.S. equity markets, by examining several internal indicators.  We also provide an appraisal of the FAANG stocks, and an analysis of the state of our 12 Sectors.

U. S. Equity Strategy: Internals Remain Weak

United States

Amazon.com, Inc. is an online retailer that offers a wide range of products. The Company's products include books, music, videotapes, computers, electronics, home and garden, and numerous other products.  Amazon offers personalized shopping services, Web-based credit card payment, and direct shipping to customers.

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Amazon.com Inc (AMZN US)

Money Matters: De-Globalisation and Asset Prices

The last few weeks have seen an escalation in what may become a process of de-globalization. With global manufacturing and supply chains so...

Stewart Paterson

Sector Capsule: Internet Retailing in Thailand

Consumers’ eagerness to shop online benefited internet retailing in 2017. The competition strengthens as more players seek to capitalise on...

Euromonitor International Ltd.

Enron Revisited, Esports to Broaden Gaming Market…

Trump’s confrontations with China and Amazon are addressing economic taboos which Washington has long chosen to ignore and trampling over the army...

Sean Maher

Trump's Anti-Amazon Tweets Are About More Than Just His Feud With Jeff Bezos' Washington Post

Over the last week or so, US President Donald Trump has ramped up his attacks on Amazon.com Inc (AMZN US), accusing the e-commerce giant of...

Daniel Hellberg

U. S. Equity Strategy: Internals Remain Weak

The S&P 500 has been testing its 200-day moving average throughout last week and again on Monday. The Index closed 0.3% below the moving...

Vermilion Research

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