Strategic Alpha

Good morning.. I wanted to get this out early as Bond markets are getting smashed. The world’s governments are embracing MMT and massive stimulus packages are being unveiled. I guess they are trying to bridge the economy while we get through this crisis but in doing so may be creating the next one as debt […]

Good Morning.. So, Abe to resign and will a new PM want a new man at the helm of the BoJ as to be honest, Kuroda has not managed to achieve either inflation or growth. Losing the founder of Abenomics may see USDJPY fall but we need to see what the new man has to […]

Good morning.. US stocks surge in front of the Powell speech later today and bonds have seen a sizeable move over the last few days too (interestingly higher yields). Tech stocks were in huge demand and it seems the Retail market is leveraging up by buying calls in a record breaking rally (the call/put ratio […]

Good Morning… Wall St rallied again into the close (minus the Dow) and nothing seems to be able to stop this and so I have exited my AUD crosses I had. Asian markets were unchanged or negative as we now head into the JH symposium tomorrow. I am not sure if it is book squaring […]

Good Morning.. Stocks break higher again after a weak attempt at some rotation from tech stocks yesterday, briefly saw NASDAQ underperform. It doesn’t take much to spark a rally and in my view phase1 of the trade deal is not a buy in stocks whereas the very real threat is phase2 which is ongoing, which […]

Good Morning.. Asian markets had a muted reaction to the Trump press conference last night where he suggested a broader use of plasma in fighting Covid cases. FX markets hardly moved but the USD strength seen from last week, remained. We are at an interesting point here with the USD and this week could set […]

Stocks continue to thrive on bad data as US jobless claims disappoint again. NASDAQ closed up 1% and Asian markets are all higher into the weekend. The USD fell back from a brief rally and I added to EUR longs on a resting order at 1.1810. But I am keeping a tight stop as the […]

Good Morning.. A mixed session in Asia but the USD remained nailed to the floor. Cable seemed to be leading this and got another boost from inflation data this morning that saw significant beats in Core and headline inflation. The global inflation concern is growing and is becoming a serious topic of conversation among many […]

Good Morning.. Mixed Asian markets overnight but the USD and Gold were certainly moving. Gold has busted back above $2000 (trading at $2005 as I speak and is up 1% on the session already) and the EUR heavy DXY is back on recent lows at 92.55. I personally think both resume recent trends; in opposite […]

Good morning.. A very mixed session in Asia after another strong weekly close on Wall St on the charts. Shanghai and HK stocks benefitting from more liquidity injections from the central bank but weakness seen in Japan, Korea, and Oz. The performance of US stocks and the lagging in others, may suggest some capital flows […]