Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Asian Hedge Fund manager based in HK/SG with over 20 years of experience managing Asian Long/Short Equity funds. Macroeconomic top-down analysis generates thematic investments that are further researched from the bottom-up. Research is supplemented with advanced technical analysis. 
Previous experience includes M&A with Morgan Stanley and CPA with Deloitte in NYC. Wharton MBA.

The US Dollar and the Only Chart that Matters!

Overview # 28 – Capital Flows into Hard Assets Continue

From Rust to Riches: The Next Copper Boom

Overview #27 – The Big Beautiful Tragi-Comedy Continues

Macroeconomics

<ul>
<li>The US Administration is undermining foreign demand for dollar assets at the same time, supply for US treasury debt is rapidly expanding.</li>
<li>The Fed is constrained from lowering the Fed Funds rate due to rising yields in the long end of the treasury market. </li>
<li>The long end of the US Treasury market is feeling the effects of Trump's tariff policies.  The US equity market will follow as risk premiums rise.</li>
</ul>


The US Administration is undermining foreign demand for dollar assets at the same time, supply for US treasury debt is rapidly expanding.
The Fed is constrained from lowering the Fed Funds rate due to rising yields in the long end of the treasury market. 
The long end of the US Treasury market is feeling the effects of Trump's tariff policies.  The US equity market will follow as risk premiums rise.


US Treasuries: YOU BREAK IT YOU BOUGHT IT!