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 →