Archive - Capital Flows and Asset Markets

WHAT'S THE DEAL WITH THE YEN INTERVENTION?

I think they are trying to achieve a tough mix of policy outcomes. And because of that it seems very confused to me.

Aug 12 • Russell Clark

7:44

CONFIRMED - SEMIS ARE THE NEW OIL

The oil market used to be the driver of markets and policy - now its semis.

Aug 10 • Russell Clark

8:07

IT FINALLY MIGHT BE TIME

Something odd is happening....

Aug 5 • Russell Clark

9:45

MACRO AND JAPAN

Japan is where macro investors go to die....

Aug 4 • Russell Clark

7:28

Wild swings in stocks obscured the most important feature of the market - a new high in 30 year treasury yields

Aug 2 • Russell Clark

9:58

July 2026

GETTING DOWN TO THE HEART OF THE AI TRADE

The AI trade is a Rorschach test these days - but it is pretty simple. Can Anthropic and OpenAI meet their commitments?

Jul 31 • Russell Clark

10:52

SHOULD YOU SHORT MEMORY STOCKS?

Very tough shorts

Jul 30 • Russell Clark

12:33

HYPERSCALER COST OF CAPITAL IS RISING - WHAT HAPPENS NEXT?

Cost of capital is rising as pro-labour theory predicts. Lets see if the other part of the theory holds.

Jul 29 • Russell Clark

6:05

WHAT DO AUTOCALLABLES SAY ABOUT THE KOSPI AND THE NIKKEI

The sell of in Kospi and Nikkei do not seem to be autocallable related. Leveraged ETFs seem more likely the problem.

Jul 29 • Russell Clark

12:24

WHAT DOES IT MEAN WHEN HEDGE FUND MANAGERS ARE WRONG?

Normally when hedge fund managers are suffering this much, the market convulses. Not this time.

Jul 28 • Russell Clark

7:41

IS THE GREAT SEMICODUCTOR BEAR MARKET UPON US?

Seems to me there are two possible explanations here.

Jul 28 • Russell Clark

16:42

HOW CLEARINGHOUSES PRICE RISK

Clearinghouse price risk by looking backwards. This can tell us when to be cautious.

Jul 27 • Russell Clark

10:42

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