Latest AmpGFX Reports

The global recovery narrative crumbles

Posted on May 24th, 2019

The US equity market was running with an optimistic assessment that there is a Trump and Fed put, that a trade deal and Chinese policy stimulus would generate a recovery in the global economy and the US economy was largely immune to a slowdown in activity abroad. However, the tariffs have been increased, trade talks […]

High stakes Huawei gamble a weight on US and global equities

Posted on May 21st, 2019

The Huawei Entity Listing appears to be a high stakes gamble by the US administration to counter the rise in Chinese economic power in an industry that is critical to the global economy.  It is evidence that the broader economic and trade dispute will be hard to resolve, and makes it harder for China and […]

Trump presses his advantage against China; CNY drags down Asian currencies

Posted on May 14th, 2019

CNY falls sharply illustrating that China bears most of the fallout from the trade war.  The US economy also suffers, mostly from the risk that China boycotts US brands, but Trump may have a significant advantage.  Bilateral US tariff policy may be an effective policy to counter China’s policy of subsidizing and regulatory support of […]

Latest AmpGFX Real Time Briefings

Will Powell come to the party

Posted on June 5th, 2019

  With a small break in the onslaught of bad news on trade barriers and talk of anti-trust investigations, US equities rebound from their recent sharp falls.  US yields are also off the deck, but the market is sending out invitations for a rate cut party, and waiting for the Fed to turn-up.  Fed Chair […]

Safe haven status of the USD starting to crumble under the weight of Trump’s trade wars

Posted on June 1st, 2019

  US equities couldn’t muster an end of month consolidation.  They attempted to stabilise on Thursday but closed near their lows on Friday. The weight of the news was too much – Trump expanding tariffs threats to one of its biggest and most integrated trading partners, Mexico, and trade relations hardened between China and the […]

Bond markets displaying fear, equities clinging to the notion of a Fed or Trump put

Posted on May 29th, 2019

  The US equity market slid into the close on Tuesday to sit on key supports.  The market is beginning to acknowledge that trade policy actions to date are significant impediments to US, China and global growth and earnings. The bond market has proven more responsive to risks to growth so far this year.  Bond […]