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Strategy Report ·David Roche ·11 Feb 2026

Navigator. There are no changes in the Wealth Preservation Portfolio (WPP) this week. But shorts on Japanese equities and the Yen are now back on the radar screen. WPP appears at the end of this report The most likely scenario in the Middle East is that Iranian negoti…

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Japan Election - Follow Up

Strategy Report ·David Roche ·09 Feb 2026

Japan Election - Follow Up Investment Conclusion There is no change in strategy: short 10yr JGBs; Neutral Nikkei and Yen (but considering a short Vs SGD, AUD and RMB (where I am already long)). The LDP and its ruling coalition results are even stronger that…

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US Fed & ECB

Update ·David Roche ·12 Dec 2024

Update: ECB Fed BoJ Expect 25bp cut from the ECB today. Not 50 bp. The economy is bad enough for a 50bp cut But the ECB is still on the scenario that falling inflation offsets falling nominal wages so that rising real wages get spent as consumption. I doubt it , unlike the…

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News

Central Bank Forecast post US Non-Farm Payrolls

Update ·QS Team ·01 Nov 2024

US Non-Farm Payrolls : The Non-Farm Payrolls report shows that only 12,000 positions were added in October (much lower than the exp. 100k, average compiled by Dow Jones) US Unemployment rate is unchanged at 4.1%, in line with expectations. The Bureau of Labor Statistic…

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Japan- Turbulence in a Tea Cup

Strategy Report ·David Roche ·27 Oct 2024

Japanese elections see LDP decimated. There will be a period of uncertainty and volatility for Japanese assets as a messy, weak, coalition is put together at the end of a protracted messier period of haggling. Such volatility is a storm in teacup in the global scale of things. …

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Winter of Discontent

Strategy Report ·David Roche ·07 Oct 2024

There will be a bear market in the next 12 months. The DNA of the bear market is writ large: the inevitable war on Iran’s nuclear weapons capabilities; Russia and Ukraine again becoming economically relevant to markets; unrequited market expectations for growt…

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Japan Yen Ides Of March

Archive Report ·David Roche ·31 Mar 2024

This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.

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Japan And The Yen - Beware Of The Idle Days In April

Archive Report ·David Roche ·31 Mar 2024

This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.

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Boj - As Expected

Archive Report ·David Roche ·19 Mar 2024

This Strategy Report is from the Archive, and is presented in its original format. Tags have been generated by AI. If you notice any inconsistencies, please get in touch.

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