In a week where bonds fell, and equities rose, the link between them has made another all-time high, driven by technology stocks, following Nvidia’s (NVDA) strong results. This stands out because this equity versus bond link didn’t break out for 40 years but has recently become a regular
Bitcoin is up 23% this year, which can be added to the +57% move in Q4 2023. It’s all about the huge flows of cash into the new Bitcoin ETFs in the USA. The leading funds from iShares, Fidelity and ARK 21Shares (ByteTree’s partner) have amassed nearly $12
I had the good fortune to talk to Michael Howell, the MD of CrossBorder Capital, which he founded in 1996. Armed with a PhD in economics, time at ING Barings in the 90s, and Salomon Brothers in the 80s, he has become a leading authority on market liquidity. It is
Since the 1970s, the almighty US economy has expanded at a 6% rate in nominal terms. With inflation averaging 3.8%, real growth has been around 2.2%, which isn’t bad for a juggernaut. The trouble is that government debt has been growing at 9%. Fifty years of compounding
I never highlighted Robin and Rashpal’s last AAA Report, which was published during the Christmas holidays. If you missed it, I wanted to show you Robin’s year-end closing remarks: “We also noticed that there has been a disconnect between underlying fundamentals and market moves…. One of the problems
We are pleased to inform our clients of the updated track record for The Multi-Asset Investor Portfolios at the end of 2023. Both portfolios managed a positive return, with Soda giving back much of the relative performance gained in 2022. Fortunately, Whisky continued to perform well, making another leap forward.
This might be a good time to catch up with the important messages from ByteTree Research. Just before Christmas, I recorded two webinars with ByteTree clients: Stocks and Bonds in 2024 We reviewed markets in 2023 and looked at the performance of the Soda and Whisky Portfolios, the state of