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Rising Bond Yields a Longer Term Concern; Greece and China Worries are Short Term

We see several macro factors as important to the near term direction of markets. Greece is obviously front and centre this weekend and a messy outcome could clearly be a negative despite the rampant complacency seen in equity markets late last week. We also believe that the popping sound of the bursting bubble emanating from China holds the potential to ...

Holding a bubble in hand

The Anatomy of a Bubble - Chinese Equities Face a 50% Fall

We have warned a couple of times during the last 2 months that Chinese equities are in a bubble and that the risks of a serious decline were increasing. We’ve also noted that calling the top is next to impossible but that’s not to say that we shouldn’t look at price and make a well thought out judgement call. With the ...

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Investors Shouldn’t Fear Latin America’s Protests

From Chile in the south to Mexico in the north, Latin America is being convulsed by popular protests. Most investors won’t welcome the sight of tens of thousands of angry protestors taking to the streets in the region’s capital cities. After all it reinforces the stereotype of Latin America being a volatile region with the political instability that investors fear so ...