Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Founder & Chief Market Strategist - SAV Markets

Provide Comprehensive Analysis & Commentary

SAV Markets

SAV Markets aims to provide comprehensive analysis & commentary on foreign exchange and asset markets. The approach is multi asset as markets are typically interlinked. Cause and effect are always at work, even if those effects take time to manifest. As nothing is permanent we strive to get ahead of the curve in an ever changing world.

Equity Derivatives

Chicago Board Options Exchange Volatility Index / Equity Derivatives

Chicago Board Options Exchange Volatility Index

<ul>
<li>This is a follow up chart of the VIX Index that was shared last week</li>
<li>While we have dipped in the very short term, the underlying pattern warns of a significant rise</li>
<li>Such a development is likely to be seen with a falling S&amp;P 500</li>
</ul>


This is a follow up chart of the VIX Index that was shared last week
While we have dipped in the very short term, the underlying pattern warns of a significant rise
Such a development is likely to be seen with a falling S&amp;P 500


<ul>
<li>The VIX Index has turned up after declining by the same magnitudes as the previous two occasions</li>
<li>This warns of another leg up over the coming days and weeks</li>
<li>As a consequence it is a sign of renewed weakness on the S&amp;P 500</li>
</ul>


The VIX Index has turned up after declining by the same magnitudes as the previous two occasions
This warns of another leg up over the coming days and weeks
As a consequence it is a sign of renewed weakness on the S&amp;P 500


Cross Asset Strategy

<ul>
<li>Fixed Income markets have stabilised after the Fed including the relentless rise in short end (2Y) yields. Short term Bonds are not a sell</li>
<li>Equity markets have also stabilised with positive short term price action while there are too many bears</li>
<li>The USD has stabilised and showing early signs of a slip (ex USDJPY). Watch the price action</li>
</ul>


Fixed Income markets have stabilised after the Fed including the relentless rise in short end (2Y) yields. Short term Bonds are not a sell
Equity markets have also stabilised with positive short term price action while there are too many bears
The USD has stabilised and showing early signs of a slip (ex USDJPY). Watch the price action


Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Thematic (Sector/Industry)

<ul>
<li>Ukraine - Russia war has started and markets imploded today. </li>
<li>Rotation from growth to value will continue and stay invested.</li>
<li>Inverse ETF and Vix should help to manage volatility in this turbulent time.</li>
</ul>


Ukraine - Russia war has started and markets imploded today. 
Rotation from growth to value will continue and stay invested.
Inverse ETF and Vix should help to manage volatility in this turbulent time.


Global Economist, DeSaque Macro Research

Said Desaque

Global Economist

Delivering Global Macro Investment Insights

DeSaque Macro Research

DeSaque Macro Research Limited was formed by Said DeSaque in April 2012 with the view to delivering global macro investment insights aimed at providing new ideas to clients.

Said DeSaque has over 26 years of experience working as a professional economist in financial services. Prior to establishing DeSaque Macro Research, Said held positions as Senior Economist at Robert W Baird and William Blair. He began his career as a graduate at PaineWebber in 1986, where he eventually became Head of the London Economics Department.

Said takes a very keen interest in international relations, along with their implications for economic development. His research interests include the economic transformation of China and its implications for global capital markets, particularly in the United States. He is a member of Chatham House in London.

The US economy and capital markets have historically been Said’s main focus of attention. He frequently presents his views to institutional investors in diverse geographic locations. In recent years, Said has also been carefully monitoring economic developments in Asia, particularly China and Japan.

Macroeconomics

<ul>
<li>Investors want greater clarity about the future path of US interest rates. The Fed missed the opportunity to provide this information this week, sowing the seeds for financial market volatility. </li>
<li>Choppy growth due to the omicron COVID-19 variant and high inflation stoke stagflation fears. The bond market is convinced that COVID-19 will not distract the Fed from tightening policy.</li>
<li>Many of today's equity investors have not experienced a Fed tightening cycle due to rising inflation, thereby rendering their hopes of another Fed Put as being unrealistic. </li>
</ul>


Investors want greater clarity about the future path of US interest rates. The Fed missed the opportunity to provide this information this week, sowing the seeds for financial market volatility. 
Choppy growth due to the omicron COVID-19 variant and high inflation stoke stagflation fears. The bond market is convinced that COVID-19 will not distract the Fed from tightening policy.
Many of today's equity investors have not experienced a Fed tightening cycle due to rising inflation, thereby rendering their hopes of another Fed Put as being unrealistic. 


Financial Markets Demand Greater Clarity from the Fed About the Future Path of Interest Rates

United States

The VIX Index is a financial benchmark designed to be an up-to-the-minute market estimate of the expected volatility of the S&P 500® Index, and is calculated by using the midpoint of real-time S&P 500 Index (SPX) option bid/ask quotes.

Chicago Board Options Exchange Volatility Index (VIX INDEX)

Chicago Board Options Exchange Volatility Index (VIX INDEX)

VIX Index: The Pullback Before the Rise

The VIX Index is still lining up in a manner that suggests much higher levels thereby indicating a weaker S&P 500 over the medium term - several...

Shyam Devani

VIX Index Shows Trouble Ahead

The VIX Index is showing signs of moving up again which in turn indicate a decline on the S&P 500 over the coming days and weeks

Shyam Devani

The MAD Report - Cross Market Analysis

A weekly report looking at price action across major markets. In the short term both a stock market and a bond market squeeze seem possible in the...

Shyam Devani

War: What to Do?

Inverse index ETF or long volatility will reduce vol although it will not save the portfolio from having a negative month for long-only investors.

Henry Soediarko

Financial Markets Demand Greater Clarity from the Fed About the Future Path of Interest Rates

Financial markets are demanding greater Fed policy clarity. Chair Powell failed to provide this after the latest FOMC meeting. Elevated volatility...

DeSaque Macro Research