Seven Magnificent Shorts
Seven Magnificent Shorts In an environment of extremes and massive disconnect between valuations and fundamental trends, there are always magnificent opportunities on the short side, with…
The US Debt Spiral
The US debt spiral Many months ago we highlighted the risks of a public debt spiral in countries like the US, France or Italy following years of budgetary imbalances, counter-cyclical tax cuts…
+ 12.22 % Last Week, + 8.23 % Month to Date
Manager’s Comments Down is Up … Precisely as and when we predicted, global equity markets went decisively south last week, confirming that the over-extended bear market rally is…
Fasten Your Seat Belts
Exceptional turning point for equity markets … We have always argued that September would see a sharp decline in global equity markets and we are reaching that stage this very week. Next…
An Exceptional Year …
An Exceptional Year … As our regular readers know, we are publishing far less macro-economic articles than in the past but we are nevertheless continuing our analytical work in the…
America Self-Defeating Policies Are Endangering Its Leadership
America Self-Defeating Policies Are Endangering Its Leadership In 2015, only 8 years ago, the world was a completely different place. The world had not experienced COVID yet, interest rates…
Weekly Report 9 Sep 2023
Manager’s Comments In a week where equity markets have been levitating but with major breakdowns in the leading US tech stocks and European luxury stocks, and where US bond yields have…
When Bubbles End …
When Bubbles End… Investment bubbles are investment bubbles.. They are characterised by a major disconnect between asset price behaviours and their fundamentals, by investors motivated…
Monthly Factsheet AUG 2023
MAXIN GLOBAL FUND – USDStandard Class C Manager’s Comments Monthly Factsheet AUGUST 2023 Click to Download
Time to Short European Stocks
Time to Short European Stocks Since October 2022, 11 Months ago, European equity markets have rallied significantly, surpassing their 2021 highs and reaching 15 years highs and even all-time…
