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>2023 will prove far better for most investors. Although the major World stock and bond indexes will range sideways, several national markets and sectors will perform strongly</li>
<li>Behind our optimism is an expansion the all-important Global Liquidity cycle from last October. This is driven by the People’s Bank of China and paced by the US Federal Reserve</li>
<li>World fixed income markets are exhibiting a ‘normal’, not the distorted cycle many claim. Coming months should see skidding bond market volatility and the beginning of yield curve steepening</li>
</ul>


2023 will prove far better for most investors. Although the major World stock and bond indexes will range sideways, several national markets and sectors will perform strongly
Behind our optimism is an expansion the all-important Global Liquidity cycle from last October. This is driven by the People’s Bank of China and paced by the US Federal Reserve
World fixed income markets are exhibiting a ‘normal’, not the distorted cycle many claim. Coming months should see skidding bond market volatility and the beginning of yield curve steepening


The Most Important Question For Equity Investors: What to Expect in Global Fixed Income in 2023?

Asian Economist

Kok Peng Chan

<ul>
<li>China’s bank-centric funding model is an under-reported risk that appears to be lost amidst the current rally in Chinese stocks</li>
<li>While it powered China’s investment boom previously, this model now misallocates capital, warehouses property losses on bank balance sheets, blunts PBoC easing, prolongs deflation risks and echoes Japan-style balance-sheet stagnation</li>
<li>Without credible bank clean-up and a shift toward bond, equity and REIT funding, China’s rally risks remaining tactical rather than structural. The current rally does not signal a multi-year bull-run</li>
</ul>


China’s bank-centric funding model is an under-reported risk that appears to be lost amidst the current rally in Chinese stocks
While it powered China’s investment boom previously, this model now misallocates capital, warehouses property losses on bank balance sheets, blunts PBoC easing, prolongs deflation risks and echoes Japan-style balance-sheet stagnation
Without credible bank clean-up and a shift toward bond, equity and REIT funding, China’s rally risks remaining tactical rather than structural. The current rally does not signal a multi-year bull-run


China’s Bank-Centric Funding: An Under-Reported Risk

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>NVIDIA's has a strong position in the AI industry, but global trade policies introduce short-term uncertainties. Strong revenues and cash position buffer against policy-driven obstacles, particularly concerning its China revenues.</li>
<li>We highlight NVIDIA's technological leadership, including its full-stack computing infrastructure and rapid platform transitions. External pressures weigh on projected revenues, including export restrictions and increasing competition from major tech companies.</li>
<li>We see potentially overpriced implied volatility. This strategy aims to generate premium while managing risks associated with price movements, especially in the context of evolving geopolitical and competitive landscapes.</li>
</ul>


NVIDIA's has a strong position in the AI industry, but global trade policies introduce short-term uncertainties. Strong revenues and cash position buffer against policy-driven obstacles, particularly concerning its China revenues.
We highlight NVIDIA's technological leadership, including its full-stack computing infrastructure and rapid platform transitions. External pressures weigh on projected revenues, including export restrictions and increasing competition from major tech companies.
We see potentially overpriced implied volatility. This strategy aims to generate premium while managing risks associated with price movements, especially in the context of evolving geopolitical and competitive landscapes.


NVIDIA: An Options Strategy for Riding the AI Data Center Waves

External broker reports(aggregated public sources), CardinalStone

CardinalStone

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Macroeconomics

<ul><li>Global equities advanced in August, driven by strong demand for technology stocks and expectations of monetary easing.</li><li>The MSCI World Index gained +2.49% MoM, supported by broad-based gains across developed markets, especially the U.S.</li><li>The MSCI Emerging Markets Index (+1.22% MoM) also improved, buoyed by positive performance in Chinese equities, which outweighed weakness in India and Taiwan. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Global equities advanced in August, driven by strong demand for technology stocks and expectations of monetary easing.The MSCI World Index gained +2.49% MoM, supported by broad-based gains across developed markets, especially the U.S.The MSCI Emerging Markets Index (+1.22% MoM) also improved, buoyed by positive performance in Chinese equities, which outweighed weakness in India and Taiwan. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

CardinalStone Research -  Monthly Equities Review - August 2025

Podcast with masters of the real life money maze, The Money Maze Podcast

The Money Maze Podcast

Podcast with masters of the real life money maze

The world of finance has a huge impact on all of us. This show aims to explore and unravel some of the mysteries surrounding the investing business, via interviews with masters of the real life money maze. Expect tips for mastering capital allocation, making better business decisions, strategies for taking your career to the next level, and revelatory profiles of leading industry figures. Whether you're a current or aspiring investment professional, a regular investor, or a student exploring career options, we hope you gain some helpful insights and enjoy the shows. Thank you for listening!

<ul><li>US stock market dependency on world index has increased significantly, reaching around 65-67%</li><li>Tariffs implemented by Trump have had a bearish impact on stock market</li><li>Small cap underperformance in US market is at its highest in 25 years, leading to interesting valuation opportunities</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

US stock market dependency on world index has increased significantly, reaching around 65-67%Tariffs implemented by Trump have had a bearish impact on stock marketSmall cap underperformance in US market is at its highest in 25 years, leading to interesting valuation opportunitiesThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

173: The End of US Equity Dominance? With Chris Wood, Global Strategist and Author of 'Greed and ...

United States

The MSCI World Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1969. MXWO includes developed world markets, and does not include emerging markets. MXWD includes both emerging and developed markets.

MSCI World Index (MXWO INDEX)

The Most Important Question For Equity Investors: What to Expect in Global Fixed Income in 2023?

World fixed income markets give their cue to World stocks. Rising Global Liquidity will support bonds in 2023. This augurs well for certain...

Michael J. Howell

China’s Bank-Centric Funding: An Under-Reported Risk

While a bank-centric funding model with a tightly run economy precludes a financial collapse, it prolongs the adjustment cycle. The current rally...

Kok Peng Chan

NVIDIA: An Options Strategy for Riding the AI Data Center Waves

NVIDIA 3Q26 results November 19, 2025 (CFO commentary to be posted at ~1:20 p.m. PT, followed by a limited Q&A). What to watch on earnings that...

Jay Cameron

CardinalStone Research - Monthly Equities Review - August 2025

The MSCI Emerging Markets Index (+1.22% MoM) also improved, buoyed by positive performance in Chinese equities, which outweighed weakness in India...

CardinalStone

173: The End of US Equity Dominance? With Chris Wood, Global Strategist and Author of 'Greed and ...

The US stock market is facing challenges such as increasing dependence on indexes, aggressive tariffs, concerns about valuation and the ability to...

The Money Maze Podcast