MM 4 November 2020

 Quotes

    

Markets & Macro news

A closer presidential race than anticipated...

10y bond yield = Fwd GNP growth = Fwd Real GDP growth + Inflation prospects

So rising 10y yield say growth or inflation is around the corner

Indeed PMI is up

Typically when economic activity rises, yields rise too (money spent = less money saved)

The yield curve = 10y -2y yields = Real GDP growth prospects

 US dollar liking it

Gold less so

Commodities not yet turning the corner

Themes, Sectors & Corporate news

Short the pollsters?

Buy residential property, short office property?

Ant IPO (biggest IPO in history) postponed...