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Technicals US Treasury and Election Headwinds on KLCI

Take note of the following market headwinds which I believe will suppress investors risk appetite. You would have noticed how weak the broader KLCI was yesterday.  Bloomberg's article this morning on rising US treasury yields is something 'new'.  It usually is a prelude to asset allocation moves and would have the net effect of dampening prices ...

A Pre-Election Flub

I didn't think much about this issue when it first cropped up last Thursday. The issue of UMNO's legality. If according to this person on BFM this morning, 19th April was THE last day for it to rectify and legalize itself in order for it to participate in the coming GE14, then the question arises if we will once again see the laws being bent bac...

Liars Liars Pants On Fire

Most of us know better than to trust politicians wholesale especially when it comes to geo-political narratives. Even then, I must admit that the events unfolding in 2018 have been a bit of an adrenalin rush in cheering on the good guys from the bad. From Salisbury to Syria, what an incredible start to the year.    

GE 14 HSBC's Primer

FY reading pleasure minus all the partisan emotions malaysian.elections_hsbc.1.pdf

Mob Rule At The White House

by Michael Winship  But while we may not be at the extraction point yet, increasingly there are those who think the endgame for this administration is nigh—and indeed, that would be the righteous outcome. I blame Tony Soprano. As entertaining and compelling as the “The Sopranos” was back in the day—and I certainly count myself among its fans—by ...

If Foolhardiness Prevails Then Everyone Loses

By far one of the most sensible take on the USA-China trade spat by this chap.  https://www.bloomberg.com/view/articles/2018-04-06/trump-s-tariffs-overlook-how-much-u-s-needs-china  Still, if foolhardiness rather than logic prevails, it is a no brainer that the outcome will be disastrous for everyone. The irony of this Trump engineered quagmire...

When Shit Hits The Fan

Wow this shit is going to hit the fan this morning. Just in..... Just less than a hour ago, I wondered if Team Trump was being frank by suggesting that the door is open for talks.... so damn slippery. Now I am waiting to see China's repertoire of pain it can inflict back.  https://finance.yahoo.com/news/china-win-trade-war-u-133843334.html?soc_s...

The Ayes And The Nays On Tariffs

Who's not with the President on tariffs, raise your hands. Maybe that's why Kudlow moonwalked, backwards, the day before given the show of hands in the pictorial above. It is abundantly clear that the vast majority of Americans are not so sure if tariff will make America great again or the correct way to deal with China's economic dominance.  O...

China 2025 The Real Reason

Could this be the real reason why Trump is going after China? The Made in China 2025 industrial policy of China ?  If it is, then it is a dark day. If it is, it is truly an art of war. It would also mean that for any country with economic ambitions that transgress onto a very bellicose USA, it is never going to be a level playing field again no...

US Tariffs Public Comments Up Next

This is where we are at with the timeline for the proposed trade tariffs by the US. The all important stage where those with vested interests prepare to slug it out before the Section 301 Committee. We are not readying for the public comment stage.  https://ustr.gov/sites/default/files/files/Press/Releases/301FRN.pdf   To appreciate why this lis...