Portfolio Watch: The Real World Is Reflating Again
Welcome to this week’s rundown of our portfolio, its performance, and our most clear-cut conviction for the period ahead. The cocktail of better...
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Bull Steepening Watch – Is Lower Yields Really What Risk Assets Want?
Let’s run through each asset class to see where to put your eggs if a bull-steepening of the yield curve continues into 2024.
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Steno Signals #77 – Oil Demand Is ALL TIME HIGH
Happy Sunday and welcome to our weekly flagship editorial from Steno Research. It has been an incredibly odd week in the economic calendar and our...
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Changes in Portfolio Weights: Calibrating the Weight of Nominal and Real Assets.
We increase the weight of Developed Market Equities but remain short/underweight. We lower the weight of gold, which remains overweight, and cash.
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What Drives Rising Gold Prices?
Gold is not driven by real interest rates as is widely claimed: the causation runs in reverse, with gold the driver Gold prices can be better...
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