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

SPX Met 3,700 Sell Zone to Reduce Long Basket/Roll into Shorts

Market Thinker

Making Sense of the Narrative

Macroeconomics

<ul><li>The short selling of sterling and UK bonds at the end of September was misleadingly attributed to a judgement on the mini Budget of the new UK government.</li><li>In reality it was just a last push on existing and extremely profitable short sales by momentum macro hedge funds (broadly known as CTAs), who have been short most fixed income and most currencies against the $ for months now.</li><li>They have of course also been short equities and as October starts they are certainly taking profits and pausing to see if they can ‘ go again’ in Q4, or perhaps even move onto the long side.</li></ul>

The short selling of sterling and UK bonds at the end of September was misleadingly attributed to a judgement on the mini Budget of the new UK government.In reality it was just a last push on existing and extremely profitable short sales by momentum macro hedge funds (broadly known as CTAs), who have been short most fixed income and most currencies against the $ for months now.They have of course also been short equities and as October starts they are certainly taking profits and pausing to see if they can ‘ go again’ in Q4, or perhaps even move onto the long side.

October Market Thinking