Mixed data and clashing opinions has led to continued volatility. As the Federal Reserve attempts to digest mixed signals from the economy, markets remain on edge and continue to trade as if thin seasonal summer months have come early this year. Liquidity has dried up across the investment landscape, if we exclude die hard bond holders, many participants continue to carry sizeable cash positions into a looming recessionary period. As major economies regroup, EM countries have emerged in full force. Meanwhile, US officials continue to deal with a credibility crisis from both Government and Federal Reserve which has begun to take a toll on the US dollar.

First and foremost, I would like to begin by thanking you for putting forth your confidence in Robin Capital Group. All of you have entrusted RCG with your capital in the face of extremely challenging market conditions. I am very proud of the work put in as well as the results achieved in 2022. This was an important year for the firm…

The importance of being aligned to the recent regime change within US and Global equity markets is something we cannot stress enough to our clients. The easy money is over. Rampant speculation is over, and several bubbles have burst and continue to deflate with the dry-up of liquidity. The drivers of return on investment in the last 5-10 years have morphed and are unlikely to come back in the same form.

Facts & Highlights:
1. From Milton Friedman’s monetarist theory: MV=PY (M=Money, P=Price Level, V=Velocity, Y=Output). With V & Y fixed, an increase in the stock of money will increase inflation (P) by the same amount….

All I want for X-Mas, is VOL.

Equity markets reached all time highs in October only to initiate a steady unwind from risk assets in November. Since then, markets have welcomed the Omicron Grinch and with it volatility has spiked, ranges have blown out, a huge chunk of the market has pulled back 20% or more…

Currently, there is plenty of drama in financial markets with heightened sensitivity as we continue to rely on Fed Chair Powell to hand hold us into what should be another well telegraphed POMO reduction attempt commencing November. Mixed August data and a growing divergence of opinions around the stickiness of inflation amongst central bankers muddies the messages…

Seasonal summer trends begin to present themselves in markets in spite of several important data points that were delivered this week. As previously discussed on inflation, a loaded 5% YoY May CPI print (April CPI was 4% YoY) was reported…

Volatility made its way back into markets this week after an unsurprising surprise CPI print of 0.8% left economists scratching their heads and investors running for cover. Mr. Market was quick to set-off a chain reaction across sectors and asset classes as US treasury yields rose while the curve got cheaper and steeper…

In spite of increased volatility, it was a relatively sideways week for equity markets which rapidly shifted after an outlier sized miss on Friday’s US payroll report (226k vs 1mm [Expected])…