Bond Bee

So, kids decided they need mice (mouses?) for school laptops. Blackfriday and I realise the market looks just like the 👟 market. Plenty of insanely price units. Crazy.

Bought logitech discounted ones that dont need a dongle which the kids will loose next week.

#keepitsimple

Bessent puts it more bullishly: “Where the hell is the market risk? They’ve just been wrong.”

The day before elections in Argentina. Bold.

Sad to see London like this from a distance

Ouch

Top Trump adviser struggles to soothe investors in talks after market tumult Stephen Miran met hedge funds and big asset managers after tariffs sparked Wall Street turmoil

www.ft.com/content/a815...

Rather scary.

Social media is killing democracy. Everyone chasing clicks with the most outrageous act/promise/conspiracy - truth doesnt matter.

While I'd suggest that any "Wannabe Rob Smith" seek psychiatric help immediately, this is a great job going at the FT covering one of the most important markets in the world. Happy to lend some advice to anyone interested in applying!

Gold

I thought those things needed sun?

Netherlands + Norway?

Trump is an ally of Putin, now pretty explicit. That is a huge issue and challenge for Europe.

We almost need a live tracker of public opinion for both Elon and Trump…

Everyone has been waiting for this. Now everyone is hoping not to jinx it.

You mean EM funds

It improved to 1/5 due to stunts in the middle and end. Actually liked the previous one. Seriously, pick anything on the front page of Netflix - it will be better. #missionimpossible

In cinema, 40min in and I am on my phone while watching Mission Impossible. 0.5 / 5 score so far.

Probably the best thing the Vatican has done in my lifetime. Not sure everyone grasps the implications.

Have you looked at funding needs in Romania…

What a day/time to be forced to release forecasts for the world #imf #weo

Waiting for the expert, @robinwigglesworth.ft.com to pronounce peak passive this month. Just as with China and Russia, now we should expect politics to creep into mandates and investments decisions. On that basis, passive cannot make all sides happy of current war.

…focused on change versus absolute ranking. On that basis US has suddenly a big issue. Then again, the data probably wont be updated until 2026 so one could just cross fingers and hope for change by then :)

#PositiveTake

Post liberation day, ESG staff must be very much in demand again. Many policies, in Europe, will need to be re-written. If not, US will likely trip a lot the governance red lines. Especially on the sovereign side, including yours truly, a smart way of managing ESG was focused on

To be honest, I somehow miss all the “but Private Equity is outperforming” headlines this month

Better be careful- you will end up on the front pages ;)

Well written. Perhaps worth also considering if Fed can break the spiral of assets exiting US. Otherwise we got 3 years and a bit before foreign trust returns.

Must admit #TheAmatuer is good old jason bourne type action film worth the time and distraction from markets :)

So yields are supposed to go down now?

Couldnt pick a better month to stop drinking coffee. #liberation

Surely there is a mad plan, but more importantly how is the market pricing the “we will adjust it as trade balances adjust” or “ok, now we can pause it” event. I fear there is still a big weight to that scenario.

Sri Lanka just out there “We would like to work with USA to bring down 44% tariffs”. No action from US in this.