Increasing Risk – US and China
The coming trade friction and quite possibly geopolitical tensions between the US and China should be taken seriously by market players. In our opinion, this risk has increased. As a…
FED Rate Forecast for 2017
Our forecast for future rate hikes by the FED in 2017 depend on inflationary pressures arising from the new economic policies of Trump. In general, inflation seems to be picking…
Chinese – US Policy Uncertainty
The recent phone call to from the president of Taiwan to Trump certainly inflated the Chinese and increased uncertainty in Asia. In contrast to a Clinton victory, China is going…
Italian Referendum
The Italian Referendum is a potential macro risk. The vote is for a more simplified government so that changes can be implemented easier. It is in fact a vote for…
OPEC Forecast
We have taken a speculative position on the OPEC meeting in November. There are arguments for both a deal and also a no-deal scenario. I will briefly discuss both scenarios,…
FED Rate Forecast
Today the PPI (Producer Price Index) not including food and energy came in negative. The CPI (Consumer Price Index) is the next one to look at. Irregardless inflation expectations…