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...
top of page
Media Center
- Apr 3
- 2 min
The Ideas of March
There has been a growing perception that equities are now in a “melt up” or “crash up” phase. However, the big picture problem for...
- Apr 3
- 3 min
Dance Near the Exit
We are back in Singapore after three weeks on the road meeting clients. As we noted last week, there had been a growing perception or...
- Apr 3
- 2 min
Goldeneye
Basic rule: always call their bluff - James Bond.
Over the past five years pet rock (spot gold) has traded with a resistance level just abov
- Feb 7
- 4 min
Enter the Dragon & the Third Element
Enter the Dragon & the Third Element This year we enter the Zodiac year of the Dragon. Let’s hope it is a lot more auspicious than the...
- Dec 6, 2023
- 3 min
Equities Say Yes, Bonds are Screaming No!
The decline in Treasury yields (rise in bond prices) since late October has been impulsive, rapid, and emotional. Suddenly all the slack...
- Dec 4, 2023
- 3 min
Pet Rock & the All-Time-High
The barbarous relic (gold) made a new all time high this morning in Asian trade on Monday. From our perch, the shift in consensus beliefs...
- Nov 29, 2023
- 3 min
Three Things Ruin People....
“Three things ruin people: drugs, liquor and leverage”. Charlie Munger R.I.P There are so many excellent quotes and so much wisdom from...
- Nov 27, 2023
- 5 min
The Non-Predictions for 2024
The non-predictions for 2024. The US equity risk premium will not end 2024 narrower compared to end 2023. The US high yield bond index...
- Nov 23, 2023
- 3 min
That's not a Knife
The price action over the past two weeks while we have been out meeting investors has been fascinating. We are not surprised that there...
Media Inquiries
For all media inquiries, please contact:
bottom of page