1) Is there a way to "strip out" the effect of the strong DXY which has a disproportionate influence on GLD? For example, going long GLD in EUR (or JPY) terms while being short TLT? Without entering into futures or derivatives contracts (although an institutional investor obviously can do so).
2) The Chinese bond market (10 year yield currently 2.6-7%) with a plainly weak equity market is essentially pricing in an "Ice Age" to use Albert Edward's famous terminology. If the property rout persists I don't see how this turns easily.
Very hard to strip out Covid issues - and back in 2016, they turned the property market back on by supplying credit - so its a policy choice, and one to be aware of
Thanks for sharing Russell, tho the Chinese bond mkt is clearly pricing in slow growth
Agreed - but it turns with politics...
So far no sign of a pivot yet 🙁
nope
One of the better mustaches I've seen! Thanks again Russell for all of the great content
Thank you - I was trying it out before committing to Movember
Thanks Russell, some thoughts:
1) Is there a way to "strip out" the effect of the strong DXY which has a disproportionate influence on GLD? For example, going long GLD in EUR (or JPY) terms while being short TLT? Without entering into futures or derivatives contracts (although an institutional investor obviously can do so).
2) The Chinese bond market (10 year yield currently 2.6-7%) with a plainly weak equity market is essentially pricing in an "Ice Age" to use Albert Edward's famous terminology. If the property rout persists I don't see how this turns easily.
Very hard to strip out Covid issues - and back in 2016, they turned the property market back on by supplying credit - so its a policy choice, and one to be aware of