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.

Cross Asset Strategy

<ul>
<li>As equity indices take a wobble again the Oil price has remained strong after posting both bullish weekly monthly close to new trend highs</li>
<li>The relationship between Oil &amp; stocks is in question because it is unclear whether a higher Oil price in an already inflationary environment is seen as “good” or “bad” </li>
<li>Even in the case that the S&amp;P 500 holds up and becomes correlated properly to Oil, the charts below suggest it will still underperform</li>
</ul>


As equity indices take a wobble again the Oil price has remained strong after posting both bullish weekly monthly close to new trend highs
The relationship between Oil &amp; stocks is in question because it is unclear whether a higher Oil price in an already inflationary environment is seen as “good” or “bad” 
Even in the case that the S&amp;P 500 holds up and becomes correlated properly to Oil, the charts below suggest it will still underperform


Senior Credit Analyst, Lucror Analytics

Trung Nguyen

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>It was a quiet day yesterday, with no major data releases given the Veterans Day holiday in the US.</li>
<li>US equities rose for the fifth straight session, albeit gains were modest, with the S&amp;P 500 inching up 0.1% to c. 6,000. The Dollar Index hovered at a one-year high.</li>
<li>Bitcoin rallied past the USD 89,000 mark, lifting the entire crypto market above its pandemic-era peak. </li>
</ul>


It was a quiet day yesterday, with no major data releases given the Veterans Day holiday in the US.
US equities rose for the fifth straight session, albeit gains were modest, with the S&amp;P 500 inching up 0.1% to c. 6,000. The Dollar Index hovered at a one-year high.
Bitcoin rallied past the USD 89,000 mark, lifting the entire crypto market above its pandemic-era peak. 


Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li><span style="font-weight: 400;">This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. </span></li><li>We—and surely the market as a whole—have consistently noted that Trump’s return to the White House will have an extremely strong positive effect on the crypto market.</li><li><span style="font-weight: 400;">We see two imminent key outcomes emerging from Trump’s upcoming administration.</span></li></ul>

This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. We—and surely the market as a whole—have consistently noted that Trump’s return to the White House will have an extremely strong positive effect on the crypto market.We see two imminent key outcomes emerging from Trump’s upcoming administration.

Crypto Moves #51 – Trump’s Win: A Game Changer for Crypto

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to Bloomberg.</li><li>Nothing is more revealing than a bureaucrat unintentionally exposing the true objectives of fiscal and monetary policy in “officialese,” making it difficult for most to grasp the underlying ramifications.</li><li>Janet Yellen addressed the ballooning interest payments as a percentage of GDP in her interview with Bloomberg on Friday, referring to the “real net interest cost of debt” as her guiding metric for assessing the sustainability of U.S. debt levels.</li></ul>

“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to Bloomberg.Nothing is more revealing than a bureaucrat unintentionally exposing the true objectives of fiscal and monetary policy in “officialese,” making it difficult for most to grasp the underlying ramifications.Janet Yellen addressed the ballooning interest payments as a percentage of GDP in her interview with Bloomberg on Friday, referring to the “real net interest cost of debt” as her guiding metric for assessing the sustainability of U.S. debt levels.

Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>CPI dropped to 2.9% YoY in July, the lowest since March 2021, while Core CPI cooled to 3.2% YoY, reflecting a broad-based softening in inflation.</li>
<li>Retail sales surged 1% MoM, driven by a volatile 3.6% rise in motor vehicle sales, signaling resilient consumer spending despite mixed economic conditions.</li>
<li>Manufacturing and industrial production contracted, pushing the GDPNow forecast down to 2.4%, highlighting persistent weakness in these sectors.</li>
</ul>


CPI dropped to 2.9% YoY in July, the lowest since March 2021, while Core CPI cooled to 3.2% YoY, reflecting a broad-based softening in inflation.
Retail sales surged 1% MoM, driven by a volatile 3.6% rise in motor vehicle sales, signaling resilient consumer spending despite mixed economic conditions.
Manufacturing and industrial production contracted, pushing the GDPNow forecast down to 2.4%, highlighting persistent weakness in these sectors.


Mint Macro Roundup: U.S. Inflation Dips Below 3% Amid Stronger Retail Sales

US 10Y (USGG10YR INDEX)

Long-Short Trades: Oil Versus Stocks

Despite the volatility in equity markets, the Oil price remains in a strong uptrend as is break higher. The relationship is questionable in this...

Shyam Devani

Lucror Analytics - Morning Views Asia

US equities rose for the fifth straight session, albeit gains were modest, with the S&P 500 inching up 0.1% to c. 6,000. The Dollar Index hovered...

Lucror Analytics

Crypto Moves #51 – Trump’s Win: A Game Changer for Crypto

This Tuesday, the U.S. electorate reelected Donald Trump as the 47th President of the United States. We—and surely the market as a whole—have...

Steno Research

Bond Yield Watch: Yellen has decided to inflate the debt away. Position accordingly..

“I don’t have a hard-and-fast rule, but I would not like to see it drift above 2%.”— Janet Yellen on real interest costs, speaking to...

Steno Research

Mint Macro Roundup: U.S. Inflation Dips Below 3% Amid Stronger Retail Sales

U.S. inflation fell below 3% for the first time in over three years. Despite mixed signals from the manufacturing sector, retail sales showed...

Mint Finance