Emerging Markets | Equities | FX | Global
Bilal’s Themes And Trade Idea Update – Most Trades Working
- By Bilal Hafeez
- 2 min read
I didn’t make any changes to my trades over the past week. My short GBP/JPY trade performed well, but my long SPX/short Russell performed poorly. Here are the details:
1. China slowdown: long China rates (10y futures, FX unhedged), short KOSPI. This theme has continued to perform well with both the China rates and short KOSPI trades working well.
o Premise: China property weakness, new regulations on private sector, continued lockdowns around COVID and poor energy management all contribute to growth weakness.
2. Struggling UK: short GBP/JPY. This trade performed very well with the BoE disappointment. It is now up 2.3% since inception.
o Premise: Hawkish BoE into Brexit supply issues is bearish for GBP
I didn’t make any changes to my trades over the past week. My short GBP/JPY trade performed well, but my long SPX/short Russell performed poorly. Here are the details:
1. China slowdown: long China rates (10y futures, FX unhedged), short KOSPI. This theme has continued to perform well with both the China rates and short KOSPI trades working well.
o Premise: China property weakness, new regulations on private sector, continued lockdowns around COVID and poor energy management all contribute to growth weakness.
2. Struggling UK: short GBP/JPY. This trade performed very well with the BoE disappointment. It is now up 2.3% since inception.
o Premise: Hawkish BoE into Brexit supply issues is bearish for GBP
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