Bilal Hafeez
Alberto Gallo is Chief Investment Officer and Co-founder at Andromeda Capital Management. Prior to that, Alberto initiated and ran the Global Credit Opportunities fund at Algebris Investments.
Bilal Hafeez and Ben Ford
Momentum models delivered a fourth consecutive week of positive returns, led by equities (+0.9% WoW).
Richard Jones
Eurozone (EZ) CPI readings, both headline and core, are coming in softer, with the most recent data below consensus estimates.
Bilal Hafeez
The US runs a large current account deficit, which means that it needs to attract foreign capital inflows to balance its books. This begs the question of which US assets are foreign investors exactly buying.
Bilal Hafeez and Ben Ford
Global departures have recovered their strong upwards trend as half-term holidays commenced (Chart 1). Departures sit 5% above 2019 levels.
Bilal Hafeez
Deepak Gurnani is the Founder and Managing Partner of Versor Investments - $2bn quantitative investment firm. Deepak is the former CIO of Investcorp’s Hedge Fund Group and was one of the founding members in 1996.
Richard Jones
UK economic data, most notably inflation and employment readings, have soured recently.
Bilal Hafeez and Ben Ford
Momentum models delivered a third consecutive week of positive returns, led by equities (+0.8% WoW).
Bilal Hafeez
Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37.
Bilal Hafeez and Ben Ford
Momentum models delivered a second consecutive week of positive returns, led by equities (+0.8% WoW).
Bilal Hafeez and Ben Ford
Last week’s small retreat in departures proved short lived as global departures soar to 122,000 per day (Chart 1). Departures sit 6% above 2019 levels.
Bilal Hafeez
At the start of 2022, the rates market expected the Federal Reserve (Fed) policy rate to end the year at 1%. It turned out to be 4.5% – one of the biggest market errors in decades (Chart 1).
Richard Jones
Democrats and Republicans have been unable to reach a deal after extensive debt-ceiling and budget negotiations.
Bilal Hafeez
Stefan Jansen is the author of the widely read ‘Machine Learning For Algorithmic Trading’. He is the founder and Lead Data Scientist at Applied AI. He advises Fortune 500 companies, investment firms and startups across industries on data & AI strategy and developing machine learning solutions.
Bilal Hafeez and Ben Ford
Momentum models returns proved positive over the past week led by a positive outing in equities (+0.9% WoW). However, performance is poor over a three-month horizon. The models we track have lost 1.4%, on average. Equity momentum models (-4.2%) have fared worst.
Richard Jones
The outsized volatility in G10 rates markets from February and March has abated.
Bilal Hafeez and Ben Ford
Momentum models returns were poor over the past week, on average, despite a positive outing in rates (+0.3% WoW).
Richard Jones
The Japanese yen (JPY), long seen as a haven, is the second-worst-performing G10 currency this year, down about 2.5% against the US dollar (USD).
Bilal Hafeez and Ben Ford
Last month, we investigated whether the Chinese were flying abroad. Our data showed they were, with departures to Thailand showing no slack. The latest data from Thailand’s Ministry of Tourism and Sport has confirmed as much; arrivals in Thailand from China increased to 19% in March, versus 2019 averages, an increase from 11% in February (Chart A).
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