Founder & Chief Market Strategist - SAV Markets, SAV Markets

Shyam Devani

Shyam Devani provides key market commentary encompassing analysis of Foreign Exchange, Fixed Income, Commodities, and Equities globally – both in G10 and Local Markets. He takes a multi asset class approach incorporating fundamental, behavioural, and historical trends as well as technical signals.

Shyam has delivered strategic market insights to a number of trading desks and institutional clients internationally (funds/corporates/banks) through written publications, presentations, face to face meetings and conferences. He has had numerous appearances on CNBC, Bloomberg, and Singapore Radio providing his short and medium term views on markets while being the front office media commentator during his time at Citi.

He has been commentating on financial markets since 2004. Since 2006, he was running one of Citi’s top market products, CitiFXTechnicals, initially in London followed by Singapore where he took a lead role in enhancing the coverage of markets in Asia.

Founder & Chief Market Strategist - SAV Markets

Real Yields - Focus Again on Hard Assets?

US Equities: Another Quick Pullback Before Higher?

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Cross Asset Strategy

There are so many measures of equity market valuation that sometimes it is difficult to know which to focus on. It becomes especially tricky when central banks engage in unorthodox policies and effectively dilute their currencies which sends various measures off the charts.One way to simplify this is to look at the asset [any asset] in terms of an ounce of Gold because that Gold is unchanging. Movements in the price of Gold are really movements in the fiat currency it is measured against – an ounce of gold is an ounce of gold.When doing so we see the S&amp;P 500 is back at the 2018 high - the ‘real’ high of late…

There are so many measures of equity market valuation that sometimes it is difficult to know which to focus on. It becomes especially tricky when central banks engage in unorthodox policies and effectively dilute their currencies which sends various measures off the charts.One way to simplify this is to look at the asset [any asset] in terms of an ounce of Gold because that Gold is unchanging. Movements in the price of Gold are really movements in the fiat currency it is measured against – an ounce of gold is an ounce of gold.When doing so we see the S&amp;P 500 is back at the 2018 high - the ‘real’ high of late…

Where Is the S&P 500?