Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, May 11. A week where renewed inflation fears ahead of U.S. CPI pushed the S&P 500 to a one-month low, the dollar lower and US 10-year breakeven yields to a fresh...

Today we look at the high degree of correlation between US equities and US treasuries and why this is cause for discomfort, note recent surges in inflation readings and inflation expectations as a sign of an inflationary cycle igniting. We also discuss weakness, however, in major commodities since mid-last week,...

Summary: US equities closed last week atop a very sharp two-day comeback after a prior steep sell-off, with the mood in Asia mixed to start the week as Taiwan and Japan struggled, while mainland Chinese shares rallied sharply again after avoiding several attempts at breaking down through key support last...

Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...

Identifying risks and opportunities is crucial amid a fast-changing market. We believe that it has arrived the time to weigh in on the threat from stagflation. In this analysis, we look at what that means for one's portfolio and which assets can help investors navigate these markets.Did you know that...

The markets have pressed the pause button on the recent USD sell-off, as rising long US yields and rocky risk sentiment have offered some support and fundamental support for the move via widening yield spreads and other factors is not particularly in evidence. With the US CPI up today and...

Crude oil and natural gas have both for different reasons been lagging some of the blistering pace of other commodities this past week. While several key raw materials from copper and iron ore to corn and palm oil have reached record or multi-year highs, the oil market has been focusing...

The green transformation has had troublesome year compared to 2020 down 45% relative to oil and gas majors which have enjoyed a strong rebound in market value due to rapidly rising oil prices since early November last year.Risk came back in many speculative equity pockets yesterday on a higher volume...

Today we assess the bounce in the most speculative corners of the market starting around the US equity open yesterday, while the broader market failed to bounce as much and Asian suffered a bit of trauma overnight, centered on Taiwanese stocks and specifically TSMC. Elsewhere, a run-down of developments in...

Asian equities suffered a complete rout overnight, led by what can arguably be dubbed a crash in Taiwan on reports of forced selling and option expiry. The Japanese Nikkei 225 also suffered a deep sell-off that has taken that average below major support. Other markets are showing far less volatility,...