Media Center

The Mighty Dollar

It is important to remember that currencies are always a relative price. Interest rates, growth, inflation, and external positions are...

Still Addicted to Dove

As widely expected, the FOMC left the policy rate unchanged at the June meeting. Much of the market focus in the communication was on the...

The Mythical Melt-Up

Over the past few months there has been a growing prevailing bias that equities would enter a “crash up” or “melt-up” phase if weak macro...

Dragon or Peacock

In our 17 years in Asia, we have rarely met an investor from India who was bearish on their own market. To be fair, India has delivered...

The Non Predictions for 2024: Mid Year Review

Each year we release a set of “non-predictions.” As regular readers and clients know, we do not have typical forecast based approach....

Dr. Feelgood (Copper)

The rally in Dr Copper, the industrial metal with an honorary PhD in Economics, has been a surprising development for most investors

China; A Pivotal Moment?

Earlier this year China entered the zodiac year of the Dragon. It has been an auspicious year so far for equities with MSCI China up...

Still Dancing, Near The Exit

As we noted in April, the prevailing bias has been skewed to the belief that we are in a “crash up” phase in risk assets. Over the past...

Mr. Dream

“Selling empty promises from every point of view…. Just call on Mr. Dream” Billy Idol & Billy Morrison, May 2024 For those who have not...

VPAM Monthly Macro Outlook Feb 2024

Chart of the month – Nvidia’s Euphoric Rise vs China’s Brutal Selloff Nvidia (LHS) 1st Jan 2023 to Present CSI 1000 (RHS) 1st Jan 2023 to...

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Lindi Ng

Chief Operations Officer

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