Investment Committee – April 2022

The Committee noted the upcoming Easter holidays that usually work as a volatility absorber from the markets and it discussed how bonds may be appealing as a tactical trade after their March sell-off.

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Onwards and upwards or temporary euphoria?

We believe taming inflation has become a principal target for the US Federal Reserve. The Administration has just released one third of its Strategic Petroleum Reserve (approximately 180 million barrels) to restrain oil prices and US strategic reserves now stand at their lowest level since 1984. The exact plan is to release 1 million barrels of oil per day over a period of the next six months.

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Investment Committee – March 2022

KM Cube’s Investment Committee met to discuss its tactics into March and how the recent Russia invasion of the Ukraine affects global economy and our client’s portfolios. We stress how the lack of first-hand on-the-ground research of the specifics limits us to a journalistic analysis of this multilayer event that is the Russia/Ukraine stand-off.

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Investment Committee – February 2022

Although 2008 epitomizes the bear market in equities, recent years witness higher frequency of severe episodes. In addition to the usual macroeconomic factors, the unpredictability of these events is also related to the changing market microstructure – most notably the effect of derivatives. 

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The Gamma effect: its all technical after all

Gamma refers to second-order properties of market price action. While technical, the size of the options market has become so big that it reversely affects prices in the spot market. We believe that market participants that do not acknowledge this are playing a yesterdays’ game.

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Investment Committee – January 2022

On occasion of the new year, the Investment Committee discussed its more long-term outlook for the markets and its major concerns going forward. Global stock markets closed 2021 at, or […]

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Investment Committee – December 2021

As 2021 comes to an end, Omicron has reminded the world that we are not yet out of the pandemic woods. However, despite rolling health scares, the economic recovery has continued. Our Investment Committee met for December with one major issue to discuss: What will it take to end this melt-up of the equity markets?

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