Category: Macroeconomic Views

Are There Free Lunches? Evidence from Stock Markets

Introduction In this article, after a brief introduction to efficient market hypothesis and the very basics of technical analysis, we implement two different trading strategies based on moving averages and few oscillators on a wide set of equity indexes in various countries. The aim is to investigate whether efficient market hypothesis holds across markets of […]

Trumponomics: Regional vs. International Banking in the US

Introduction This article discusses the impact of Trumponomics (Trump’s economic program) on the valuation of regional and international banks’ stock prices. It starts by providing an overview of the US banking system, and then moves towards explaining Trump’s expansionary fiscal program and its implied effect on the valuation of regional and international banks’ stocks. Finally, […]

The Economic Aftermath of Erdogan’s Quest for Power

Over the last couple of months Turkey has been greatly divided over President Recep Tayyip Erdoğan’s proposal to augment the executive powers of his position. Ultimately, Erdoğan claimed victory by the slimmest of margins last Sunday as 51% of Turks stood by his side in a vote whose integrity is being questioned by many European […]

Trumponomics: Feeding the Bull Steroids

Donald Trump’s economic policies focus on three key areas; protectionism, loose fiscal policy and deregulation. In this summary report, we will give an overview of Trump’s policies before exploring the effects that they have had on financial markets. For conciseness, we will not look at Trump’s immigration policies and plans to ‘clean up Washington’. Protectionism […]

Argentina: A Land of Opportunities?

The focus of this article will be on the Argentinian government debt and potential upsides and downsides it faces. We will examine the attractiveness of their fixed income market by observing the current political situation in the country, the performance of neighbor countries as well as the global economic outlook. The New Government In November […]

EM Currency: Turning Point?

This year has been particularly good for emerging markets and there are several reasons underlying the so-called EM rally. The main one is probably the yield hunt, in which yield-hungry investors move to riskier assets in order to have some decent return in the low interest rates environment, thus boosting risky assets and compressing risk […]

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