The Week That Was

  • Multivariate Unfitness (TWTW – May 15-19, 2017) May 21, 2017 - Multivariate Unfitness – The obvious headline was “Witch Hunt”, that which would fit the President’s narrative. Naturally, the “other” narrative is and for a while can very much be expected to remain rather uncomfortable. That narrative is that of the world’s most powerful man, a man used to get his ways in probably more ways than one, and a man Continue Reading
  • “Snap” Trump (TWTW – May 8-12, 2017) May 14, 2017 - “Snap” Trump – While by now renown for his rapid fire Twitter prowess berating opponents, belittling the press etc, President Trump might in fact have more in common with Snap… Lots of “flash”, chutzpah or whatever you choose to call it … and then … poof, the picture / follow through has just vanished … This, in effect, is what Continue Reading
  • No Contest (TWTW – May 1-5, 2017) May 8, 2017 - No Contest – The pollsters had all along predicted Marine Le Pen would fall short in a contest with Emmanuel Macron, and they were right , as in the event, Macron’s victory came in at 66/34 (almost like the balanced portfolio-like 60/40 the latest predictions stood at Friday). It looks like it is as good as it gets for the Continue Reading
  • 100 Days (TWTW – Apr 24-28, 2017) May 1, 2017 - 100 Days – The first 100 days of Donald Trump’s Presidency came and went, with much sabre rattling, be it with North Korea, or in the context of NAFTA… Has much been accomplished? Perhaps one thing – President Trump actually realizing that it is a lot harder a job than he thought … Q1 US GDP came out – and Continue Reading
  • Inherited or Merited (TWTW – Apr 17-21, 2017) April 24, 2017 - Inherited or Merited … On Being French – Marine Le Pen. One of two contenders for the French Presidency, to be decided on May 7, 2017. Le Pen came out on top with 24.2% of votes in first round held this Sunday, and will face Macron, who recorded 21.4% of the votes, with Republican Filon coming in a close 3rd. Continue Reading
  • Decidedly Neutral … (TWTW – Apr 10-14, 2017) April 17, 2017 - Decidedly Neutral … the Bank of Canada’s statement maintaining rates unchanged while reflecting on recent stronger economic data that saw Governor Poloz take the rate cut possibility raised in January off the table … On another front, marijuana captured quite a few headlines as Canada looks poised to be the first G7 nation legalizing it … while introducing legislation aimed Continue Reading
  • Two Weeks Away (TWTW – Apr 3-7, 2017) April 9, 2017 - Two Weeks Away – The French Presidential Elections … Hopefully not about to serve us another dose of either BREXIT or Make America Great Again a la Trump … For if it did … all bets would be off as far as stable markets … A Marine Le Pen Presidente would put an end to the EURO, turn France inward Continue Reading
  • Brexit = Scots Out? (TWTW – Mar 27-31, 2017) April 2, 2017 - Brexit = Scots Out? With British PM Theresa May delivering the “letter” triggering article 50 of the Lisbon Treaty – the natural question is: What’s next? Other than an anticipated painful 2 years of negotiations between the EU and the UK? In the meantime, will the UK itself face an existentialist moment as it faces possibly similar kind of dynamics Continue Reading
  • Voter Feelings … (TWTW – Mar 20-24, 2017) March 27, 2017 - Voter Feelings … Thus did Canadian Finance Minister Bill Morneau explain the justification for deficits, while delivering the Trudeau Government’s second annual budget – one described by pundits as a “waiting for Trump” kind of budget… The fact that Russia is according to Bloomberg battening down the hatches in anticipation of USD 40/barrel isn’t – if it proves prescient – Continue Reading
  • Feds Creds (TWTW – Mar 13-17, 2017) March 20, 2017 - Feds Creds – Annnnd the FED unsurprisingly hiked Fed Funds by 25 bps this past week. What seems to be the most significant shift in general sentiment, is that now, market participants are actually believing the FED when it comes to the “program”. By the program, we are talking about 3 hikes in 2017. This psychological shift is significant, in Continue Reading