Viresh Kanabar, an investment strategist with 8+ years of experience, notably contributed to portfolio construction and risk management at CCLA Investment Management, a £12 billion fund. Viresh was also a voting member of the Investment Committee and ran the private asset valuation process. Before his role at CCLA, Viresh made significant contributions during his three-year tenure as a Consultant at Deloitte, where he was a part of the largest P&C merger in 2016.
Japan
Viresh Kanabar
Summary Japan’s economy remains robust despite tariffs uncertainty, though recent trade data suggests real exports to the US have slowed. During his last speech, Governor Himino (median member) highlighted downside inflation risks are more prevalent now, continued require monitoring. We view Governor Ueda’s discussion around the BoJ’s urgency to hike as guidance towards an October […]
Viresh Kanabar
As we brace for FOMC today, it is worth conducting a spot check on systematic equity positioning. CTAs are long stocks, with most strategies nearly ‘fully allocated’. Some of the more tactical leaning strategies are less extreme, but the broad picture is bullish. Similarly, the vol controlled funds, i.e., strategies seeking to target a certain […]
Viresh Kanabar
Earlier this week, we highlighted stock market internals showing significant strength despite weaker labour market data. This is at odds with previous spells of weakness like 2018 or 2024. The credit market paints a similar picture. IG CDX at 47bps sits near all-time tights—first percentile since 2011. The HY market is equally complacent, with spreads […]
Viresh Kanabar
Summary Canada’s economy has averaged 6k monthly job losses recently, while the unemployment rate is up to 7.1%. Combined with cooler core inflation data, the BoC can resume focus on the labour market to prevent further loosening. Market Implications We expect the BoC to cut 25bp on Wednesday. We think material risk exists of a […]
Spring sale - Prime Membership only £3 for 3 months! Get trade ideas and macro insights now
Your subscription has been successfully canceled.
Discount Applied - Your subscription has now updated with Coupon and from next payment Discount will be applied.