Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Fame Capital

Financial Assets & Markets Expertise

My Blog


Global Market Thoughts (GMT)

Posted on December 18, 2012 at 8:48 AM
And so the Equity Markets continue their nice run (drivenmainly by US), as it looks like the cliff-hanger will not be that scary ! Obama& Boehner seem to be moving closer to some sort of compromise, and theEquity Markets are “Risk On”. This has been our core view for a while, and let’shope there is a ‘deal’ done before New Year’s Eve – so that we can party on !
Today, decided to square my T-Note shorts around 132-10 –mainly on reaching the first 20 bp objective (not because there is a likelyimminent bond market rally), and more importantly, doing this in view of myimminent holidays ! Will be away for a few weeks !  The T-notes paid for my hols – so why mess itup ?! Think also getting close to T-note supports around 1.8%+. Key thing isthat as Bernanke is gonna be buying bonds (once this 2-week supply ends), andthe market has already gotten around to pricing a ‘fiscal agreement’.  So probably time to pare back shorts.
The key thing is that data (retail sales, factory data,employment) – esp. in the two majors – US & China – is supportive of an ‘improvingeconomy’ scenario. Very importantly, housing in US is perking up (and will getbetter with turn of the year into spring), and is a precursor to a sustained USeconomic improvement. Europe is stabilising (but will be mired in a recession),as will Japan (with or without LDP) – for the next year; while the rest of EMdoes ok. So I still harbour bullish views about US & China equities – and withthese as drivers, of commodities (used by China), as well as being positiveabout Asian econ prospects (except India which me thinks will continue tostruggle, esp. as we get closer to election year). Still long ChinaInfrastructure/ Equities, and with Bernanke keeping rates low, and corporatebalance sheets looking better (esp. in Asia), will continue being long AsianCredits (China Property & Infra), even on a leveraged basis.
RBI inaction today means the ‘bulls’ have to sit onside-lines (with equities having already run up 20% ytd in 2012!), and thepotential INR bond-rally is still not here, as inflation is still a major concern(in food/transport, but also esp. in Property Prices – why they never seem tocome down, even as transaction volumes are low, is a mystery to me).
And in FX land – think continue with crosses like AUDJPY orKRWJPY, though usdjpy seems to be nearing a temp ‘rest’ area. Does Japan needJPY continuing to weaken through 2013 – yes , of course! Will BOJ & LDPoblige – they will try their utmost! Positioning is getting large, and we willsee p/t into year-end holiday book-closures – but this trend of yen, likelycontinues into next year. Happy 2013 for us all, and hopefully our Japanese friendstoo ! What does this China-Japan conflict over some barren island rocks meanfor usd/jpy?  Waves of weakness … !
Happy Holidays !

Categories: Financial Markets, Global Markets

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.


Reply shanghai tibet railway
10:27 AM on May 19, 2013 
I do like the manner in which you have framed this particular problem and it does give me some fodder for thought. On the other hand, coming from what precisely I have experienced, I simply just hope as other commentary pack on that people today keep on issue and not start upon a soap box involving some other news du jour. Yet, thank you for this superb point and although I do not concur with it in totality, I regard your viewpoint.
Reply adult toys
10:00 PM on May 23, 2013 
eople are trying to get back with their exes. Perhaps the need to be with someone familiar is driving this trend even though both partners arguably have more choices now than ever. Usually, at least one of the split up partners wants to stay together.

If you think ab
Reply sliver is strongly high quality and incredible low price ANYA HINDMARCH
4:26 PM on July 8, 2013 
In Currently ,it is your time to shine! 9 plated sliver and tiffany key chains zircon or Tiffany Apple ring series glittering, from the have a good reputation of Tiffany Sets colorful world of diminutive .Dazzling jade orange with stylish blue and different tiffany key necklace black zircon , perfectly put together a half marks and high-end !But th
Reply best foot massager
6:47 AM on July 25, 2013 
I just like the helpful info you provide in your articles. I'll bookmark your weblog and check once more here regularly. I'm relatively certain I'll be informed many new stuff right right here! Best of luck for the next!
Reply Soyabean Tips
8:20 AM on August 12, 2013 
Awesome post! Personally I like your site. . I am so impressed to read your content. I am looking forward for the next valuable and informative concept in your blog. Overall outstanding post. Carry on :)
Reply sacoche
8:20 AM on April 1, 2014 
sacoche louis vuitton.sac louis vuitton.louis vuitton pas cher.sac burberry.
6:16 AM on April 21, 2014 
Nicely presented information in this post, I prefer to read this kind of stuff. The quality of content is fine and the conclusion is advantage.
Reply natural tan
7:37 AM on July 15, 2014 
For the Month of May, PretendTAN is giving away a travel kit every week! Share us on FB for your chance to win!
Reply check cashing corona
12:54 PM on August 31, 2014 
Reveal the assets you will be wanting. for each month at a later date, confer this specific home equity loan advance returning all over again. it's that basic! a few of interfaced to is that the higher initial Advance credit utilizing u. s. of America ALL day cash overhauls is whereas not a doubt TARGET absolutely FREE!!! that's wise.
Reply profil
12:04 AM on October 17, 2014 
Only than the kitchen would be fully beneficial introduced literally tailored to requirements of installation as well as use : for instance , together with the liner
Reply Share Tips
11:45 AM on October 30, 2015 
Thanks for providing this very useful information about globule market,your post is very useful for understanding the market movement.Thanks for sharing.
Reply johnsmith
5:18 AM on May 1, 2018 
The information you share in this blogs which is about the Global market is very well. I read this post and get a lot of interesting and useful information from this post. Thanks for sharing this.
trolley wheels uk
Reply nirma
11:09 AM on May 10, 2018 
awesome click
Reply home care services near me
6:03 PM on July 7, 2018 
Perfect post with amazing post style. I have checked this post and I thought it was good, but the last few posts are great quality.
Reply Jaime
11:44 AM on July 31, 2018 
My first time to visit in the blog. I am glad to know that the article is really very good. I have bookmarked your website and would like to check your website again. rubber gym mats at diffrent sizes
Reply Kelly
6:37 AM on August 8, 2018 
This blog is very interesting and informative for me. Some people visited to here in the blog review is very good. I am very happy to reading the whole content. keep it up. Buy gym mats online in UK
Reply James Rogla
8:11 AM on August 8, 2018 
check cashing corona says...
Reveal the assets you will be wanting. for each month at a later date, confer this specific home equity loan advance returning all over again. it's that basic! a few of interfaced to is that the higher initial Advance credit utilizing u. s. of America ALL day cash overhauls is whereas not a doubt TARGET absolutely FREE!!! that's wise.

It is the great research of the Global market. Many people like to get knowledge of this market. I am really very thankful to you. You have done a great job. rubber matting
Reply jordan
4:11 PM on August 16, 2018 
Strongly published content you always shared with everyone, The information shared above is quiet interactive and will help all the readers who are looking for it.
water damage restoration Houston
Reply writing my paper
9:10 AM on August 28, 2018 
after completing my paper writing services research work i was craving for something of the sort. thank you for sharing the recipe with us. it is very easy to make and super delicious
Reply civilwarmn
11:11 AM on December 26, 2018 
Discount Sewer and Drain Latest Projects developed a sense of interest in me and I am on way to read such more topics in future as well.Good to see this one.Thanks.