A leaky Friday news bucket & a groin grope. It must nearly be Christmas!

Daniel Weston

Aimed Capital

Markets are rattled again. This time thanks to the "almost" predictable Friday evening Asia time news leak of something Chinese central bank policy related. It was either a leaked piece of real news or a rumour coming out eluding to a further policy lead weakening of the Chinese Renminbi. Risk on markets do not like such a thing and sell-off ensues to end the week, which has so far meant a 2% gain in our portfolio. The attribution of the gains were from short the Canadian 10yr Bond, short Canadian stocks, and short Crude Oil. Let us have a look at global growth. Our work is has been showing a plateau in growth expectations, while forecasts keep falling. We may just be coming to the end of the weakness as we move in to the new year. If our leading indicators in blue cross above the grey forecast, we will be bullish commodities, but until then we stay short. Read more... (VIEW LINK)


Daniel Weston
Chief Investment Officer
Aimed Capital

Running the Aimed Global Alpha - Macro Hedge Fund. Aussie. Trader. Investor. Coder. Cricketer. Skier. Surfer. Flyer. www.aimedcapital.com

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