Commentary

Short-Term Headwinds Abound For Gold

Through rising real yields, a slowing economy and poor seasonality, short-term headwinds remain for gold and precious metals.

Commentary

Housing Market Set To Stall

Through higher mortgage rates, demand for US housing is beginning to wane.

Commentary

The Bull Case For Bonds

Central to my market and macro outlook at present is the likelihood we are amid a growth cycle downturn that is looking to decelerate meaningfully in the coming months.

Commentary

Does This Rally Have Legs?

In answer to this question, yes, it appears we are very much amidst a bear market rally. In fact, as I will endeavor to articulate below, it appears said rally could extend further over the coming weeks.

Commentary

Crypto Market Outlook: Tough Times Ahead, Part Deux

Volatile is the best word to describe the price action in crypto markets of late.

Commentary

Growth Cycle Outlook: Time Is Running Out For Risk Assets

For some months now I have been banging the drum on how economic growth has been slowing and is set to meaningfully deteriorate come the middle of 2022.

Commentary

Crypto Market Outlook: Tough Times Ahead

It has been a tumultuous start to the year for crypto markets to say the least.

Commentary

Crypto Market Outlook: Tough Times Ahead

It has been a tumultuous start to the year for crypto markets to say the least.

Commentary

Crypto Market Outlook: A Potential Bounce May Be Imminent

What has been a tumultuous last few months for crypto markets has only accelerated through the turn of the New Year.

Commentary

Growth Cycle Outlook: 2022 Will Not be 2021

Not much has changed in regards to my economic growth outlook going forward since my most recent growth cycle update.

Commentary

Crypto Market Outlook: Nearing A Make Or Break Moment

After what has been a torrid few weeks for crypto and traditional risk assets alike, we are beginning to enter what could be an important make or break point in time for crypto markets.

Commentary

Growth Cycle Outlook: Growth Bounce, Then Deflation

It appears as though we may be heading towards an inflection point in early 2022 whereby we begin to see the rate of growth continue its deceleration to the downside. Whether inflation follows suit remains to be seen, though my base case in the direction of change in inflation could surprise to the upside again in December and perhaps even January.

Commentary

Energy Is Breaking Out: Is It For Real?

Since the Fed’s September FOMC meeting and official taper announcement, we are witnessing what appears to potentially be a shift back into the reflation trade.

Commentary

A Buy The Dip Opportunity For Long-Term Investors

Whilst the industrials sector has only fallen about 7% from its highs set in May of this year, as proxied via the XLI ETF, the extreme washout of sentiment and breadth within the sector presents a potentially favourable buy-the-dip opportunity for long-term investors.

Commentary

Economic Growth Outlook: The Slowdown Continues

As I have discussed in a number of recent posts, leading economic data continues to suggest a cyclical slowdown in the business cycle is upon us and is likely to continue to persist for the coming months.