Complexity Premia

Returns in 2023; Outlook for 2024; Markets Priced for Perfection; Key Latent Risks; Capital Structure Relative Value…

Government Bond Yields Hit 5%; Buying Bank Bonds Yielding 7.5%; Why Fixed-Rate Bond Duration is Attractive; Fed Makes the RBA Look Like Sleepy Hollow…

Bond Yields Increase Further; New Hybrids; Credit Suisse Reflections; and Optimal Asset-Allocation..

Commercial Property in Crisis; Default Cycle Ramps Up; Non-Banks Under Pump; Bond Market Performance; Optimal Asset-Allocation; Best Trade Ideas; Sticky Inflation and Rates…

Winners and Losers in FY23; Best Returns for FY24; Are Rate Hikes Coming to an End; Prepare for a Persistent Pain Trade; Bonds vs Equities…

Christopher Joye discusses the current state and future of various asset classes, including residential property prices, cash, and bonds with Koda Capital’s David Clark.

Silicon Valley Bank; Credit Suisse; the Transfer of Wealth from Equity to Debt; Aussie Banks win in Flight to Quality; Default Cycle Ramps Up; Consumer Buffers; Best Trades and more…

The Coming Recession and Monster Default Cycle; Why illiquidity is Concealing Huge Risks; the Rise of Risk-free Yield and what it Means for Asset-Allocation…

The RBA’s sledgehammer is yet to fall; Bank bonds paying 6.75% pa; Riskier asset-classes to get hosed…

Christopher Joye: The RBA got it wrong, now it will crush everything…