MarketsMuse Editor Note: For those with a “macro mindset”, i.e. investment strategy with focus on global economic events and related opportunistic and/or risk reduction themes, a.m. note from Rareview Macro’s Neil Azous in the “Sight Beyond Sight” note struck a chord, if only because Azous seems to be continuously ahead of the curve when it comes to focusing on what only becomes clear to others after the opportunity becomes a fait accompli.
“…We begin today asking two hard questions.
1. How real is the China stimulus conversation and does the Street need to temper its short-term views on local Equities?
2. Will Crude Oil and Gold begin to challenge the Commodity length?
What this means is that no one was prepared to start 2014 with a much weaker profile in China relative to outsized gains in Commodities.
So the question now becomes: What if that profile started to reverse now and have the signals of that in the market already been sent?…”…
Another critical insight: Continue reading