Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Macroeconomics

<ul>
<li>Three 25 bps rate cuts signaled for the remainder of 2024 and 175bps by the end of 2025</li>
<li>Bank of Japan, despite a rate hike  keeps monetary policy extremely accommodative</li>
<li>Reported inflation will return making sector selection in equities key</li>
</ul>


Three 25 bps rate cuts signaled for the remainder of 2024 and 175bps by the end of 2025
Bank of Japan, despite a rate hike  keeps monetary policy extremely accommodative
Reported inflation will return making sector selection in equities key


Federal Reserve Signals “Victory” over Inflation Setting the Stage for the Next Round of Inflation

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Providing financial journalism in the Asia-Pacific

Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

Thematic (Sector/Industry)

<ul><li>Stan Druckenmiller just bought shares in Barrick Gold and Newmont Mining.</li><li>He thinks gold serves as a store of value, but only over the long run. It’s a hedge against any devaluation of the US Dollar.</li><li>He also seems to think that gold prices should go up in a scenario of lower interest rates, higher inflation rates or a combination of both.</li></ul>

Stan Druckenmiller just bought shares in Barrick Gold and Newmont Mining.He thinks gold serves as a store of value, but only over the long run. It’s a hedge against any devaluation of the US Dollar.He also seems to think that gold prices should go up in a scenario of lower interest rates, higher inflation rates or a combination of both.

Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

Cross-Asset Liquidity Strategist

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


Cross Asset Strategy

<ul>
<li>High street inflation could fall in 2024 and real interest rates stay high, but the gold price and BitCoin (BTC$) may still break higher
</li>
<li>Gold has a 1.5-1.6 times sensitivity factor to the growth in Global Liquidity. BitCoin is a whopping 5 times this! It is 'exponential gold'
</li>
<li>Global Liquidity looks set to double in size over the next decade driven by soaring World debts. Alongside, the US dollar has been eclipsed as the marginal World reserve asset</li>
</ul>


High street inflation could fall in 2024 and real interest rates stay high, but the gold price and BitCoin (BTC$) may still break higher

Gold has a 1.5-1.6 times sensitivity factor to the growth in Global Liquidity. BitCoin is a whopping 5 times this! It is 'exponential gold'

Global Liquidity looks set to double in size over the next decade driven by soaring World debts. Alongside, the US dollar has been eclipsed as the marginal World reserve asset


Global Liquidity On The Rise: Is This Gold’s (And BitCoin’s) Breakout Moment?

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>Regime change comes to Asia, making sector selection key to performance</li>
<li>Some key recession watch indicators  continue to ring alarm bells</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
Regime change comes to Asia, making sector selection key to performance
Some key recession watch indicators  continue to ring alarm bells


Overview #25 Implications of Stronger Asian Currencies

<ul>
<li>A review of recent events/data impacting our investment themes or outlook</li>
<li>Time to start unpacking your shorts for the summer season</li>
<li>Headlines should not distract from the big picture and provide  trading opportunities </li>
</ul>


A review of recent events/data impacting our investment themes or outlook
Time to start unpacking your shorts for the summer season
Headlines should not distract from the big picture and provide  trading opportunities 


United States

SPDR Gold Shares is an investment fund incorporated in the USA.  The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust's expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.

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SPDR Gold Shares (GLD US)

Federal Reserve Signals “Victory” over Inflation Setting the Stage for the Next Round of Inflation

The Federal Reserve plans to cut rates three times in 2024 and a total of 175bps by end 2025, keeping policy accommodative. BOJ remains loose....

Rikki Malik

Druckenmiller's Gold Miner Bet

Stan Druckenmiller just bought shares in Barrick Gold and Newmont Mining. He thinks gold serves as a store of value, but only over the long run....

Asian Century Stocks

Global Liquidity On The Rise: Is This Gold’s (And BitCoin’s) Breakout Moment?

Gold and BitCoin are monetary inflation hedges NOT high street inflation hedges. Rebounding Global Liquidity is fuelling a breakout of these...

Michael J. Howell

Overview #25 Implications of Stronger Asian Currencies

A review of recent events/data impacting our investment themes and outlook. Implications of Asian currency strength in sector selection

Rikki Malik

Overview#24 – Exiting No Man’s Land

A review of recent events/data impacting our investment themes and outlook. What are bond and currency markets telling us about the equity markets?

Rikki Malik

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