Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Cross Asset Strategy

<ul>
<li>Property restrictions removed in major cities, continuing the gradual process from the last 6-8 months</li>
<li>A BIG signal to the market and the public with the relaxation of curbs in Beijing </li>
<li>China's factory output continues expansion and travel data positive for consumption</li>
</ul>


Property restrictions removed in major cities, continuing the gradual process from the last 6-8 months
A BIG signal to the market and the public with the relaxation of curbs in Beijing 
China's factory output continues expansion and travel data positive for consumption


China Ups the Ante with Relaxation of Property Curbs

Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>If the <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index (HSI INDEX)</a> closes the month of April up (i.e. above 16541.42), <a href="https://www.smartkarma.com/insights/eqd-nikkei-s-downtrend-could-continue-in-may-but-the-bottom-is-near" target="_blank" rel="noopener">our previous forecast</a> will change (read the insight below for the detailed analysis).</li>
<li>The index performed an impressive bounce from the support levels (16050) we indicated in our previous insight, it is very overbought (WEEKLY model) and may close April up.</li>
<li>A continuation of the WEEKLY uptrend is in doubt, this week, while the MONTHLY situation is more complex. </li>
</ul>


If the Hang Seng Index (HSI INDEX) closes the month of April up (i.e. above 16541.42), our previous forecast will change (read the insight below for the detailed analysis).
The index performed an impressive bounce from the support levels (16050) we indicated in our previous insight, it is very overbought (WEEKLY model) and may close April up.
A continuation of the WEEKLY uptrend is in doubt, this week, while the MONTHLY situation is more complex. 


EQD | HSI Closing April Up Changes Our Forecast!

<ul>
<li>QE or not QE – that is the question for China.</li>
<li>Gold’s rise postponed by margin increases from major trading centres?</li>
<li>US markets looking increasingly risky as utilities rise in absolute and relative terms.</li>
</ul>


QE or not QE – that is the question for China.
Gold’s rise postponed by margin increases from major trading centres?
US markets looking increasingly risky as utilities rise in absolute and relative terms.


Macro Overview #2: A Review of Recent Events Impacting Our Investment Themes.

<ul>
<li>Federal Reserve “shocks’ markets by taking early rate cuts off the table</li>
<li>New tactics in the Russia/Ukraine war do not bode well for lower oil prices</li>
<li>China releases  Q1 GDP data  which is "stronger" than expected </li>
</ul>


Federal Reserve “shocks’ markets by taking early rate cuts off the table
New tactics in the Russia/Ukraine war do not bode well for lower oil prices
China releases  Q1 GDP data  which is "stronger" than expected 


Macro Overview: A Review of Recent Events Impacting Our Investment Themes

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul><li>Hi everyone, and welcome back to our weekly positioning / sentiment overview, which will be delivered to you right as firefighters have hopefully put out the fire at the old exchange building in Copenhagen..</li><li>Markets have started the week off where they left last week, with the USD wrecking ball continuing to prevail, posing headwinds for equity and fixed income markets as Fed pricing has more or less turned upside down lately.</li><li>We generally positioned for this repricing of USD fixed income, but were caught wrongfooted in a few trades along the way admittedly.</li></ul>

Hi everyone, and welcome back to our weekly positioning / sentiment overview, which will be delivered to you right as firefighters have hopefully put out the fire at the old exchange building in Copenhagen..Markets have started the week off where they left last week, with the USD wrecking ball continuing to prevail, posing headwinds for equity and fixed income markets as Fed pricing has more or less turned upside down lately.We generally positioned for this repricing of USD fixed income, but were caught wrongfooted in a few trades along the way admittedly.

Positioning Watch – Volatility Is Back, but Markets Still Lean into USD Duration.. God Knows Why..

Hong Kong

The Hang Seng Index is a free-float capitalization-weighted index of a selection of companies from the Stock Exchange of Hong Kong. The components of the index are divided into four subindices: Commerce and Industry, Finance, Utilities, and Properties. The index was developed with a base level of 100 as of July 31, 1964.

Hang Seng Index (HSI INDEX)

China Ups the Ante with Relaxation of Property Curbs

The relaxation of property curbs in Beijing is a massive positive signal to the market and is not to be underestimated. Other data from China...

Rikki Malik

EQD | HSI Closing April Up Changes Our Forecast!

The HSI performed a large rally last week and it is now OVERBOUGHT. It will probably close April up and this changes the trend forecast we had...

Nico Rosti

Macro Overview #2: A Review of Recent Events Impacting Our Investment Themes.

Is China going to embark on QE? Exchanges raise margin requirements to slow gold's ascent. US and Japanese stock markets look increasingly at risk

Rikki Malik

Macro Overview: A Review of Recent Events Impacting Our Investment Themes

Weekly Macro Review -Federal Reserve rules out early rate cuts, Russia/Ukraine conflict impacts oil prices, China's Q1 GDP exceeds expectations.

Rikki Malik

Positioning Watch – Volatility Is Back, but Markets Still Lean into USD Duration.. God Knows Why..

Hi everyone, and welcome back to our weekly positioning / sentiment overview, which will be delivered to you right as firefighters have hopefully...

Steno Research

China Ups the Ante with Relaxation of Property Curbs

The relaxation of property curbs in Beijing is a massive positive signal to the market and is not to be underestimated. Other data from China...

Rikki Malik

EQD | HSI Closing April Up Changes Our Forecast!

The HSI performed a large rally last week and it is now OVERBOUGHT. It will probably close April up and this changes the trend forecast we had...

Nico Rosti

Macro Overview #2: A Review of Recent Events Impacting Our Investment Themes.

Is China going to embark on QE? Exchanges raise margin requirements to slow gold's ascent. US and Japanese stock markets look increasingly at risk

Rikki Malik

Macro Overview: A Review of Recent Events Impacting Our Investment Themes

Weekly Macro Review -​Federal Reserve rules out early rate cuts, Russia/Ukraine conflict impacts oil prices, China's Q1 GDP exceeds expectations.

Rikki Malik

Positioning Watch – Volatility Is Back, but Markets Still Lean into USD Duration.. God Knows Why..

Hi everyone, and welcome back to our weekly positioning / sentiment overview, which will be delivered to you right as firefighters have hopefully...

Steno Research

Weekly Macro Review -Federal Reserve rules out early rate cuts, Russia/Ukraine conflict impacts oil prices, China's Q1 GDP exceeds expectations.