Founder, Market Thinker

Mark Tinker

Mark Tinker has over 35 years experience as an investor, market strategist and economist. Having spent more than 20 years as a sell side strategist and being top rated on numerous occasions and surveys he moved to investment management in 2006 to run global equity portfolios in London and subsequently moved to Hong Kong in 2013 to help establish an Investment Management business for a top 20 international asset manager. He first started writing investment weeklies for his employers in 1989, developing a style characterised under the title Market Thinking and has been a regular commentator and presenter on CNBC, Bloomberg and other business channels, where his approach of rationalising market behaviour rather than making short term predictions on high frequency market data provides a welcome balance to his client audience.

Founder

Market Thinker

Making Sense of the Narrative

Macroeconomics

<ul><li>The Oil markets have been in record backwardation - which basically means that Oil traders are pricing oil in 12 months time over $30 below prices one month ahead.</li><li>Bond markets however are already pricing a Ukraine style inflation impulse - even if things were resolved tomorrow.</li><li>Equities were less aggressively positioned than last April before the tariff sell-down and have steadily sagged rather than crashed, with a little end month/quarter bounce to add further uncertainty as only short term traders are engaged right now.</li></ul>

The Oil markets have been in record backwardation - which basically means that Oil traders are pricing oil in 12 months time over $30 below prices one month ahead.Bond markets however are already pricing a Ukraine style inflation impulse - even if things were resolved tomorrow.Equities were less aggressively positioned than last April before the tariff sell-down and have steadily sagged rather than crashed, with a little end month/quarter bounce to add further uncertainty as only short term traders are engaged right now.

Thinking about Stagflation (again)