Positioning Watch – There was no “rotation” from large to small caps
Welcome back to our weekly positioning update. It’s hard not to touch upon the recent moves in equities once again, with markets trying to digest...
306 Views
Japan Watch – Why BoJ Will NOT Intervene Anytime Soon
Recently, numerous JPY pairs have breached the levels where the BoJ / MoF intervened in April/May, prompting markets to wonder if (and when)...
481 Views
Part Two: JGB Yields Spike Cause Yen Mayhem
USDJPY fell by 3.85% and closed lower by 2.20%; the z-score fell by more than 2.25 (for 60 days). It was the most significant decline in the z...
618 Views
Changes in Portfolio Weights: Sentiment Hits ‘Frenzy,’ We Comply
Our Fear & Frenzy Sentiment Index hit Frenzy for the first time during this rally, telling us to lower the weight of equities.
296 Views
"V" For ? Thoughts on Central Banks
Market reactions to the ECB are clear, they are going the opposite way of what policy makers intended. As we prepare for the Fed, some medium term...
240 Views