2019 has been a good year for CTAs thus far. Most CTA indices are reporting positive performance, and many strategies that had been out of favor for the past few years are making a comeback. Trend following and global macro strategies are again prevalent within managed futures and many are…
Macro trading is an investment strategy that is designed to take advantage of structural imbalances in global asset markets caused by economic, financial, social or political factors. On a tactical level it utilizes a pre-determined measure of risk to gain maximum leverage in asymmetric investment opportunities. Based on fundamentals, it…
Global Recession Warnings came fast and furious in September with the OECD cutting 2019 GDP growth by -0.3% to +2.9% for the year, the IMF reducing growth to +3.2% and IHS Markit’s Purchasing Managers’ Index (PMI) indicating contractions in manufacturing in a majority of countries. OECD 2020 projections look…
Global Oil Production Cut by 5% and Market Yawned: To be fair, the oil market did react on the attack by Iran (or its proxies) on Saudi Arabia’s largest oil blending facility at Abqaiq: prices moved up almost 15% over the weekend from $54.85 to $62.90 per barrel. However,…