Founder, Market Thinker

Mark Tinker

Mark Tinker has over 35 years experience as an investor, market strategist and economist. Having spent more than 20 years as a sell side strategist and being top rated on numerous occasions and surveys he moved to investment management in 2006 to run global equity portfolios in London and subsequently moved to Hong Kong in 2013 to help establish an Investment Management business for a top 20 international asset manager. He first started writing investment weeklies for his employers in 1989, developing a style characterised under the title Market Thinking and has been a regular commentator and presenter on CNBC, Bloomberg and other business channels, where his approach of rationalising market behaviour rather than making short term predictions on high frequency market data provides a welcome balance to his client audience.

Founder

Market Thinker

Making Sense of the Narrative

Macroeconomics

<ul>
<li>The recent panic in the LDI market has received a lot of coverage, some of it breathless and designed to promote a short narrative, but much of it calm and authoritative – and generally pointing out the broader issues.</li>
<li>As with previous commentary on things like Covid, we are not setting ourselves out to be experts on LDI investing, rather we are reading what the experts are saying, and adapting our narrative accordingly, rather than trying to shoe-horn the events into our pre-existing viewpoint.</li>
<li>We thus continue to recommend the articles in the FT on markets (it’s just their opinion writers we tend to disagree with), even though they are behind a paywall.</li>
</ul>


The recent panic in the LDI market has received a lot of coverage, some of it breathless and designed to promote a short narrative, but much of it calm and authoritative – and generally pointing out the broader issues.
As with previous commentary on things like Covid, we are not setting ourselves out to be experts on LDI investing, rather we are reading what the experts are saying, and adapting our narrative accordingly, rather than trying to shoe-horn the events into our pre-existing viewpoint.
We thus continue to recommend the articles in the FT on markets (it’s just their opinion writers we tend to disagree with), even though they are behind a paywall.


LDI – Leveraged and Dangerously Illiquid?