PERFORMANCE 2019
SUMMARY OF MACRO THOUGHTS’ INVESTMENT PERFORMANCE 2019
PERFORMANCE 2018
PERFORMANCE 2018 JANUARY European economy to slow following the deceleration in Asia; therefore, there was a need to differentiate between economies and economics. Selling the Indian Rupee and Indonesian Rupiah was favoured, as EM currencies were expected to continue to underperform. Italian yields were expected to underperform those of the rest of Europe. MT forecast UK GDP of 1.75% for 2018 and CPI to return to 2% by the end of the year. Having favoured buying GBP at 1.22, and continuing to hold at 1.32 into the new year, 1.42 was favoured, as well as buying against AUD. FEBRUARY Ahead … Read More
PERFORMANCE 2017
PERFORMANCE 2017 2017 year to date strategies have achieved profits to portfolio exceeding 14% December 2016 – Sub consensus US GDP forecast of 2% for Q4 and weaker for Q1 2017 and global car sales to seriously contract in 2017. Positioned short French bonds at 0.50%, revalued EOY 0.80% January – Risks in Europe and complacency in markets. Buy Portugal 10y at auction 4.10/4.08 – also used as RV against short in French bonds Eur$ 1.05 straddles, tactically trading gamma February – A sharp correction in energy commodity markets. Short WTI oil $54.50 – part profits at $48, re-engaged using OPEC meeting in … Read More
PERFORMANCE 2016
PERFORMANCE 2016 In 2016, we took Macro Thoughts out of Mako Financial to set up Macro Thoughts Ltd. First half of the year recommended and traded strategies included: US 10 year yields to fall to a record 1.35% Bank of Japan to rate cut rates, buying EY futures and Call options at 3 tics and achieving 25+ tic profit Reserve Bank of Australia rate cut, achieving 25+ tic profit Macro Thoughts forecast weak US Growth leading to lower yields, political and economic risks from Brexit, the US Presidential election and political changes in Europe, and provided investment strategies and hedging which … Read More
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