In the past week, China’s Coronavirus as potentially our next black swan event weighed heavily on financial markets. Whilst it remains too early and difficult to quantify the precise impact, market analysts have estimated that if the problem is prolonged for another month, the financial impact could be, and that is a big ‘could be’,
Read More
Originally published at https://www.profgalloway.com/oyomfg Sometimes it’s darkest before it’s … pitch black. Things are going from bad to worse at SoftBank. Since January 2019, Vision Fund firms have laid off over 10,700 employees — more than 2x the workforce of Twitter. And last year will soon be the good old days. August turned into the mother of
Read More
Happy new year. We have just published a primer on our Sustainable strategy. But I wanted to give a little more colour to the topic. Some points for consideration: (1) We have of course discussed our approach to Sustainable investing with several clients leading up to this publication and we have incorporated some of these suggestions.
Read More
Originally published at https://www.profgalloway.com/casperhaps In 2015 one of my students asked me to invest in his business. He was sourcing cotton in Egypt, milling it in Israel, and then landing a set of sheet sets, duvets, and pillows in Brooklyn for $79 that he would sell for $129. The value proposition was clear: bedding that
Read More
The media reporting of the US Federal Reserve providing temporary liquidity to primary dealers, via re-purchase (repo) agreements, appears to overstate the funding stress in this market. The repo market is where primary dealers borrow cash from the Federal Reserve for a short period of time against securities like US Treasury notes or mortgage backed
Read More
Merry Christmas from the Team at The Sentiment! It’s been a big year for us with the launch of the site but with our small team, we will be taking some time off over the Christmas period before returning on Monday, 6 January. Below are a few of the most popular stories of 2019.
Read More