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Capital Flows and Asset Markets

Russell Clark
Hundreds of paid subscribers

Hedge funds, macro and short selling.

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PricingFreemiumPublishesDaily
Issues808Founded5 years agoLast Issue2 days ago
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Artwork for Capital Flows and Asset Markets

Latest Issues

GLT/TLT AND DUMMYMANDERING

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Going through the mid-term results, I came across a new word - dummymandering. Basically it refers to attempts at gerrymandering, as the Republicans tried in Texas, backfiring and turning safe seats unsafe. Texas, the most Re...

2 days ago
19
2

GLT/TLT AND THE MIDTERMS

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GLD/TLT has been surprisingly weak this year, admittedly after a terrific run.

It is not meant to be a economic trade, but a political trade. That is politicians will keep acting to favour labour, and wages, which means infl...

3 days ago
24
7

AI HAS MORPHED FROM A CAPITAL WAR TO A NARRATIVE WAR

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Earlier this year, I thought Softbank was worth a short. It had just raised debt at an 8% yield. Like many names in the AI space, its CDS were implying some problems.

Usually, rising CDS is associated with equity weakness -...

4 days ago
27
12

ARE TIPS SAYING TLT IS A BUY?

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I have been out talking to people of late. One thing I hear a lot, is how attractive “real yields” are. My question is always, the same. What exactly is a “real yield”? And they will say something like the 10 year yield less...

5 days ago
26
6

OCTOBER REVIEW

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I learnt a long time ago that in financial markets, simplicity breeds elegance. Or, if the trade is complicated, it probably won’t work. For me, my super simple idea is that yields would keep surprising to the upside. Why? Be...

5 days ago
23
6

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Authors

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  • Russell Clark

    20 years in the markets, specialising in hedge funds, macro and short selling. Taking a break to write newsletters instead.

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