Daily Global Perspectives

The main idea of macro momentum investing style is to go long assets where fundamental macroeconomic trends are improving

Now that the prevailing narrative seems to be that China’s recovery is not forthcoming and the country will face an economic slowdown, it’s probably a good time to be on the lookout for disconfirming evidence.

Now that the prevailing narrative seems to be a soft landing for the economy, it’s probably a good time to be on the lookout for disconfirming evidence.

We’ve spent quite a few blog posts now talking about China’s lackluster recovery...

Last month, we published a short piece on inflation and the working hypothesis was that inflation would continue to trend downwards.

A few weeks ago we published a blog (narrative divergence in china: Something seems rotten in the state of the Chinese economy) that noted the interesting dichotomy between “China’s expected reopening boom and its lackluster economic and stock market performance.”

People are chock full of cognitive biases, one of which is the negativity bias: We tend to pay more attention to ― and give more weight to negative information than positive information.

Foster Friess, founder of The Brandywine Fund, has likened the Fund’s sell philosophy to pigs in a trough.

U.S. headline CPI cooled in May to 4.0% year over year, down from 4.9% in April, and marks the lowest rate in two years.

The S&P 500 has closed up more than 20% since its October 2022 lows, marking the start of a technical bull market.