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Reducing Risk - Part 2

Reducing Risk - Part 2

Flash Note The banking sector remains under pressure with the latest concern being Credit Suisse (CSGN SW). The shares have fallen below CHF 2 (from CHF 50 a decade ago). Concerns have grown over its viability, with a leading shareholder having ruled out a lifeline. The risk is that the

Silicon Valley Bank: Never just one cockroach

Silicon Valley Bank: Never just one cockroach

AAA: Flash Note; With the pace and rapidity with which the Fed has been tightening – all the while peddling the “soft landing” narrative – something was bound to break. And it finally has. Last week we saw Silicon Valley Bank shut down by regulators in the second-largest bank failure in US

Reducing Risk

Reducing Risk

Flash Note Over the weekend, you will likely have read about the recent failure of Silicon Valley Bank, which has gone into liquidation. Bailouts tend to happen at weekends, as there are two days to negotiate terms while the market is closed.

Reducing Risk

Reducing Risk

Flash Note In light of Tuesday’s note, I am taking defensive action in the portfolios. The risk is that bond yields start rising again, and that puts downward pressure on the stockmarket. Rate sensitive investments have been prioritized. As always with flash notes, I will explain things in more

Trade in ByteFolio

Trade in ByteFolio

Following our latest ByteFolio update on Monday, 16 January 2023, we issue an additional change to the portfolio holdings.

The Network Demand Model Scores 5/6

The Network Demand Model Scores 5/6

The Network Demand Model (NDM) has moved to a score of 5/6. This is a bullish setting, and the first time we have seen it properly “ON” since it turned off on 29 May 2021 at a price of US$34,659. By way of reminder, the NDM is

Increasing Equity Exposure

Increasing Equity Exposure

The softer inflation data released in the USA yesterday led to a sharp rally, which was further propelled overnight by China easing Covid restrictions. As I wrote earlier this week, the end of rate hikes is within sight, and the pace will slow. This seems ever more likely, and following