Our Views

Overnight Market Brief – 22 May 2023

Negotiations on debt-limit resumed on Sunday ahead of a meeting on Monday between US President, Joe Biden, and House Speaker, Kevin McCarthy with the latter commenting that the outcome was “productive” click here to download the PDF file  ...

Overnight Market Brief – 15 May 2023

The Fed hiked its Funds Rate by 25bps but signalled that it may pause soon Powell stated the change in forward guidance as meaningful, and highlighted how the banking turmoil have tightened credit conditions for households and businesses, which helps...

Overnight Market Brief – 8 May 2023

The Fed hiked its Funds Rate by 25bps but signalled that it may pause soon Powell stated the change in forward guidance as meaningful, and highlighted how the banking turmoil have tightened credit conditions for households and businesses, which helps...

Crossinvest Macro Update – 4 May 2023

The United States has a legislative limit on the amount of debt that can be incurred by the US Treasury As the US has run a fiscal deficit for many years, the debt ceiling has been consistently raised over the years, with the last drama around this i...

Overnight Market Brief – 2 May 2023

JPMorgan has agreed to acquire most of First Republic Bank’s assets and all of its deposits after the failed bank was closed down by the FDIC over the weekend This makes JPMorgan the US’ largest bank as it exceeds the 10% cap on all American depo...

Overnight Market Brief – 24 April 2023

The White House has asked South Korea not to fill China’s chip shortfalls if Beijing bans Micron from selling chips in China click here to download the PDF file  ...

Quarterly Investment Outlook – Q1 2023

Monetary policy is a very blunt tool and may be ill-equipped to deal with all the intricacies of something as large and complex as the US economy By raising interest rates aggressively to combat inflation, the Federal Reserve runs a high risk of brea...

Quarterly Investment Outlook – Q4 2022

2022 was a historic year, where numerous stocks once held to be darlings fell over 75% Worse, assets which were once thought to be safe also faced historic drawdowns as fixed income had its worst year in well over multiple decades As we go into 2023,...

Quarterly Investment Outlook – Q3 2022

The Fed Chair’s acknowledgement that economic pain may be required to bring down inflation stands in marked contrast to prior rosy projections of a soft landing While inflation may have indeed peaked, we remind investors that peak inflation is not ...

Quarterly Investment Outlook – Q2 2022

2022 has had an eventful start to the year, to say the least Market volatility has been elevated, with the Federal Reserve and European Central Bank pivoting to hawkish rhetoric amidst soaring inflation Markets were roiled as investors repriced inter...

Quarterly Investment Outlook – Q1 2022

During the past quarter we increased our equity overweight and further reduced fixed income As the market digests concerns over the Omicron variant, we remain confident in the efficacy of vaccines We note that vaccine makers have expected new variant...

Quarterly Investment Outlook – Q4 2021

During the past quarter we reduced our allocations in cash and fixed income to take advantage of the pull back in equities that had occurred in September and early October Within fixed income, we have continued to minimize duration and maintained our...