Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Macroeconomics

<ul><li>Powell’s remarks in the Wall Street Journal interview this week were quite interesting, and markets seem to have noticed: we have seen quite some wild moves, but again the most relevant price action is happening under the surface.</li><li>In such a choppy market environment, systematic risk management techniques and a data-driven investment approach are key to tell the forest from the trees and reduce drawdowns in your portfolio.</li><li>Powell played the hawkish horn again, and markets are reacting in quite some interesting ways.</li></ul>

Powell’s remarks in the Wall Street Journal interview this week were quite interesting, and markets seem to have noticed: we have seen quite some wild moves, but again the most relevant price action is happening under the surface.In such a choppy market environment, systematic risk management techniques and a data-driven investment approach are key to tell the forest from the trees and reduce drawdowns in your portfolio.Powell played the hawkish horn again, and markets are reacting in quite some interesting ways.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Invesco QQQ Trust Series 1 / Technical Analysis

<ul>
<li>Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.</li>
<li>There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.</li>
<li>We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.</li>
</ul>


Following panic selling that we have outlined over the past month, we finally saw panic buying last Friday in the form of 92% upside volume on the NYSE.
There is hope that this panic buying could signal a major bottom, but we still need to see more confirmation before declaring that the low is in.
We are watching the Nasdaq 100 (QQQ) and the steep RS uptrends on Utilities (XLU) and Staples (XLP) for more confirmation that a major low is in place. Details below.


Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

Cross-Asset Liquidity Strategist

Implementing Research Using Alt Data & AI

CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


Cross Asset Strategy

<ul>
<li>Cryptocurrencies may be a better hedge against <em>monetary inflation</em> than gold bullion</li>
<li>Crypto-universe shows a tight, systematic relationship with <em>Global Liquidity</em>
</li>
<li>Since the COVID Crisis a 25% rise in Global Liquidity has triggered a 600% jump in cryptocurrency values, i.e. a 25 times multiplier</li>
<li>With Global Liquidity slated to slow markedly in 2022. Could crypto prices tumble?</li>
</ul>


Cryptocurrencies may be a better hedge against monetary inflation than gold bullion
Crypto-universe shows a tight, systematic relationship with Global Liquidity

Since the COVID Crisis a 25% rise in Global Liquidity has triggered a 600% jump in cryptocurrency values, i.e. a 25 times multiplier
With Global Liquidity slated to slow markedly in 2022. Could crypto prices tumble?


Crypto-Boom Or Tantrum? How Global Liquidity Drives Bitcoin, Ethereum and Other Cryptocurrencies

Smartkarma Research Team, Smartkarma

Smartkarma Research

Smartkarma Research Team

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Thematic (Sector/Industry)

<p>For our next Webinar, we have the pleasure of welcoming Esme Pau, Community Lead at EmergentX, and Insight Provider <a href="https://www.smartkarma.com/profiles/mio-kato" target="_blank" data-smartkarma-citation="accounts:713" rel="noopener">Mio Kato</a> for a discussion on digital assets and their inevitable impact on global markets.</p><p>Agenda:</p><ul>
<li>Digital Asset Ecosystem - Top Trends and Future Outlook by Esme Pau</li>
<li>The Potential of DApps and NFTs to Disrupt Ownership Rights by Mio Kato</li>
<li>Discussion/Q&amp;A</li>
</ul><div><h3>The webinar will be hosted on Wednesday, 13 October 2021, 17:00 SGT/HKT.</h3></div><div>
<div class="content-highlight"><h2><a href="https://share.hsforms.com/1H9pFZOB-RF2J00kbvMmxcw2c5gj?zoom_webinar_id=87611842600" target="_blank" rel="noopener">Register for the Webinar here</a></h2></div>
<div>Esme has over a decade of experience at leading investment banks and consultancies, advising institutional and private wealth investors in relation to investment opportunities in technology and innovation.  In her previous corporate role, she advised senior leadership on the strategy to navigate disruption through innovation. She is active in the startup ecosystem, serving as a mentor to an accelerator. </div>
<div></div>
<p>Mio Kato has over 15 years of experience looking at Japanese and Asian cyclically driven sectors such as Gaming, Factory Automation and Autos. He was previously with FrontPoint Partners LP, Arrowhawk Capital Partners, and Uzabase before founding LightStream Research.</p>
</div>

For our next Webinar, we have the pleasure of welcoming Esme Pau, Community Lead at EmergentX, and Insight Provider Mio Kato for a discussion on digital assets and their inevitable impact on global markets.Agenda:
Digital Asset Ecosystem - Top Trends and Future Outlook by Esme Pau
The Potential of DApps and NFTs to Disrupt Ownership Rights by Mio Kato
Discussion/Q&amp;A
The webinar will be hosted on Wednesday, 13 October 2021, 17:00 SGT/HKT.
Register for the Webinar here
Esme has over a decade of experience at leading investment banks and consultancies, advising institutional and private wealth investors in relation to investment opportunities in technology and innovation.  In her previous corporate role, she advised senior leadership on the strategy to navigate disruption through innovation. She is active in the startup ecosystem, serving as a mentor to an accelerator. 

Mio Kato has over 15 years of experience looking at Japanese and Asian cyclically driven sectors such as Gaming, Factory Automation and Autos. He was previously with FrontPoint Partners LP, Arrowhawk Capital Partners, and Uzabase before founding LightStream Research.


Smartkarma Webinar | Exploring the Digital Asset Ecosystem

Crypto Investing and Decentralized Finance, Coinstack

Coinstack

Crypto Investing and Decentralized Finance

Coinstack is published weekly by Ryan Allis. He was previously CEO and Co-founder of iContact and led the company from 300 employees, 70,000 customers, and $50M in annual sales and an exit for $169M. Ryan was an angel investor in SpaceX, LendingClub, Change.org, Kuli Kuli, and Catalant. Today, Ryan advises companies and governments on blockchain-related projects and is the Chairman of Hive.org, a global community of 3,500 purpose-driven leaders from 130 countries making a positive impact in the world. Ryan holds an MBA from Harvard Business School where he was Co-President of the Harvard Social Enterprise Club and a fellow of the Harvard Graduate School Leadership Institute.

Crypto

<ul><li><p>Bitcoin and Ethereum ETFs snapped their longest losing streak on record, pulling in a combined $281.8 million for the week after eight straight weeks (week ending July 12) that drained $8.26 billion.</p></li><li><p>Renewed US-Iran hostilities rattled markets midweek, with Bitcoin sliding to roughly $61,492 on July 8 after Trump declared the ceasefire over, before recovering to $64,400 (intraday high of $64,658.97 on July 10) by Friday on a short squeeze.</p></li><li><p>Strategy sold a record 3,588 BTC for $216 million, its largest disposal ever, to fund preferred stock dividends, a marked shift from years of never selling.</p></li></ul>

Bitcoin and Ethereum ETFs snapped their longest losing streak on record, pulling in a combined $281.8 million for the week after eight straight weeks (week ending July 12) that drained $8.26 billion.Renewed US-Iran hostilities rattled markets midweek, with Bitcoin sliding to roughly $61,492 on July 8 after Trump declared the ceasefire over, before recovering to $64,400 (intraday high of $64,658.97 on July 10) by Friday on a short squeeze.Strategy sold a record 3,588 BTC for $216 million, its largest disposal ever, to fund preferred stock dividends, a marked shift from years of never selling.

United States

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Ethereum (XETUSD CURNCY)

Let The Macro Polar Stars Guide You

Powell’s remarks in the Wall Street Journal interview this week were quite interesting, and markets seem to have noticed: we have seen quite some...

Alfonso Peccatiello (Alf)

Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts

We finally saw panic buying last Friday in the form of 92% upside volume on the NYSE. There is hope that this panic buying could signal that a...

Vermilion Research

Crypto-Boom Or Tantrum? How Global Liquidity Drives Bitcoin, Ethereum and Other Cryptocurrencies

Global Liquidity lifts many boats, but it seems to cause cryptocurrency values to rocket. They have become an ideal monetary hedge. But what is the...

Michael J. Howell

Smartkarma Webinar | Exploring the Digital Asset Ecosystem

On 13 October, 5pm SGT, join us for a special webinar on digital assets and their inevitable impact on global markets, featuring Esme Pau and...

Smartkarma Research

8-Week Losing Streak. Over.

Strategy sold a record 3,588 BTC for $216 million, its largest disposal ever, to fund preferred stock dividends, a marked shift from years of never...

Coinstack

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)