Brexit…. 10-50-40 ( no deal – orderly exit – no Brexit ) Two possible scenarios on Dec. 11th in Parliament: 1. Withdrawal Act pass ( risk on ) GBPUSD up, Rates sell off, risk asset in UK/Europe rally 2. Rejected ( risk off )
Fed: Expect 2-3 hikes in 2019 Few believe the leveraged loans today would set off a crisis, since they focus on a smaller part of the economy rather than sprawling the housing mkt in 2008 The total leverage loan market is now doubled what is was in 2008, around 59% of them are junk loans. … Continue reading Market Recap 2018/11/28
Brexit: deal or not deal? Bring lots of vol to the mkt Major indexes got boost as US China trade optimism. ABS spread widen for EU -> investors biggest concern is the upcoming implementation of the securitization regulation US Fed stop purchasing agency mortgage and it is challenging and widen the spread Dec rate hike … Continue reading Market Recap 11/15/2018
Conservative view on BABA in 2019/2020 Pay attention to monetization rate improvement, regulation and other competition.
Pending home sale decline 1.8%, disappointing New home sale soften as well House price cooling off.. ARS TRY very volatile in recent three months.
GDP Growth: US: Solid. China: Good Japan: Good EU: Concern Feel good about the trajectory of GDP growth
World Economy Follow the trend of 2017 economy which is a good thing indeed, we should appreciate that. Especially on the GDP growth side, still pretty good. However, in terms of sectors, some of them are not performing well. And the world economy loses some of the momentum, especially in the EU market. Trade War … Continue reading Biweekly Market Recap 6/23