Daily BriefsMacro

Macro: The Week That Was in [email protected] – Sea Ltd’s Knockout and more

In today’s briefing:

  • The Week That Was in [email protected] – Sea Ltd’s Knockout, Grab’s Progress, and the Avian IPO
  • TPW Advisory Friday Musings: Risks as I See Them
  • Alpha Bites: Take Profits on Receive Czech 5y Vs Pay Poland 5y Rate

The Week That Was in [email protected] – Sea Ltd’s Knockout, Grab’s Progress, and the Avian IPO

By Angus Mackintosh


TPW Advisory Friday Musings: Risks as I See Them

By Jay Pelosky

  • I have been consistently vocal in my bullish outlook for risk assets for much of the past two years
  • COP26 may not have been all climate activists hoped for but it was far from a nothing burger
  • Worries of an imminent US recession are on the rise driven by a huge gap between consumer & investor confidence

Alpha Bites: Take Profits on Receive Czech 5y Vs Pay Poland 5y Rate

By Gautam Jain, PhD, CFA

  • In this week’s Alpha Bites, I recommend closing the cross-country rates trade to pay Poland 5y against receiving Czech 5y rate, a recommendation I made in July.
  • I had recommended the trade because the Polish central bank was behind the curve in addressing accelerating inflation, which it is attempting to correct now by hiking aggressively.
  • With the Czech central bank having been hawkish and ahead of the curve, the rate differential between the two is narrowing as rates in Poland rise.

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