1087 days ago
'Recovery catch-up' trade may have run its course
Fund manager positioning shows a big move out of EM and back into the old favourite of tech.
1087 days ago
Hot SPAC market could freeze after potential SEC Rule change
According to Bloomberg, The SEC last week began privately telling accountants that warrants, which are issued to early investors in the deals, might NOT be considered equity instruments, but may need to be classified as liabilities;
The communications mean that filings for new SPACs may not go forward until the warrants issue is addressed;
Moreover, SPACs that are already public and that have struck mergers with targets may have to restate and refile their full slate of financial statements;
Some experts suspect this is likely just the tip of the iceberg and that "the SEC has intentionally created confusion in the industry to temporarily slow the soaring SPAC market".
1088 days ago
Chinese equities are seeing a fallout after they led the recovery trade
The rising US dollar and an outflow of funds from Chinese stocks suggest the reversing trend in market performance. Some indicate that the yuan could further dip against the US dollar as inflation and tighter monetary conditions take place. Chinese policymakers might shift their priority to taming assez bubbles and reducing financial leverage.
1088 days ago
Eurozone retail sales are climbing back up
Retail sales of the Eurozone climbed by 3% in February, their highest increase since August 2020. Path to recovery?
1088 days ago
GROWTH + LIQUIDITY! Will "goldilocks" continue to push global equity markets higher?
Global stocks reach new all time highs as liquidity appears to be easing again. Bond yields are falling, making life surprisingly easy for central banks.
