How Germany’s ‘gas reserve rescue’ myth could rock already fragile markets Most investors understand that Germany is highly dependent on Russian gas, which met 49% of its gas usage in 2021. In August 20221 the German government announced it...
How an anti-US ‘Team B’ trading block could use its energy dominance to cripple developed economies – and markets. The energy dominance of a rising Team B is a major risk to markets A rising Team B now has...
When will the stock market bottom? After a savage sell-off, particularly in the US, many investors are wondering when stocks will find a floor and begin their rebound. But they are ignoring a real risk that haunts students of...
For more than a generation – since at least the 1950s – there have been a few geopolitical and economic certainties in the world: the US has the strongest economy, the US president is the most powerful person, the...
We would like to firstly make it explicitly clear to our readers that we do not in any way support the military conflict between Russia and Ukraine. War is horrible and the wrong action regardless of who is involved....
Let’s be honest, we’ve all been a bit alert, and alarmed. For investors, the prospect of rising inflation creating serious headwinds on investment performance in 2022 feels very real. These fears are understandable; after inflation recently hit 40-year highs...
We want to share with you on how we develop a formal process to identify and research investment opportunities – Holon’s research approach that narrows our focus. This allows us to zero in on investment themes where we have...
Investing in public markets can be a tough exercise, and during aggressive market sell-offs like we have seen over the past few weeks, it can sometimes even be cruel. Managing your emotions during these difficult periods is critical, especially...
Gold should really be shining now. Inflation is emerging and with global economies still struggling to recover from Covid-19 related lockdowns, central banks will likely continue to stimulate with low interest rates and quantitative easing (‘printing money’). In this...
Tim Davies and Raoul Pal are old friends from the Goldman Sachs days. In this opportunity, Raoul sits down on “The Exponential Age” to talk about Tim’s research and where he sees the biggest opportunities. Tim has written a...
Data has been described as the new oil. But it is now literally gushing everywhere. And that’s only going to get worse with the rise and rise of electric vehicles (EVs) which will create a global data storage crisis,...
Most financial commentators think stocks are overvalued and that global growth is slowing as we emerge from 18 months of Covid-19 lockdowns. We don’t think so. In fact, we believe society is about to enter a period of explosive...
There is no doubt that Tesla and its founder Elon Musk polarize investors and markets. Some investors are Tesla fanatics who follow every tweet from Elon like a religion, while others, including Michael Bury (of “The Big Short” fame), call Tesla the “greatest short in the world”. Once again,...
Foreign investors have been dumping Chinese stocks on fears the Chinese Government’s recent policy changes will unwind the country’s two decades of economic successes. Experienced China investors took advantage of the selloff to accumulate positions in both Tencent and...
Last month, Holon wrote a note arguing that investors had misinterpreted the Chinese regulator’s recent policy announcement that sent shares plummeting. Many fund managers are now dumping their Chinese holdings, declaring the country too risky. We believe that this...
Chinese equity markets have again seen heavy selling pressure over the past month following a series of policy announcements from the Chinese government targeting anti-competitive behaviour in its domestic economy. Western commentators have been quick to label each of...
Traditional value stocks have rebounded strongly from their 2020 lows, with the MSCI US Value Index up 40% over the past 12 months and investors believing they are undervalued and likely to benefit from stimulus-related spending. Investors rotated away...
In a world of crypto and buy-now-pay later (BNPL), Visa — and even the very notion of credit cards — might be starting to seem old fashioned. But the company is actually well placed to benefit from the accelerating...
There is no doubt that tech investors have had a tough time recently. Technology stocks have slumped in reaction to the surge in US 10-Year bond yields towards 1.75% in April, triggered by fears of a shift in central...
If you walked out your front door and took 30 ‘exponential’ steps, let’s say west, where would you land? Would you be in NSW? In Perth? South America? You would, in fact, travel 26 times around the planet. Not...
Last October, billionaire founder of Alibaba, Jack Ma, made a controversial speech slamming China’s financial watchdogs. The next day, Alibaba’s 33% owned ANT financial Hong Kong and Shanghai dual listing was cancelled by the Chinese Government. Rumours also circled...
Technology stocks surged at the start of 2020, with the main US technology barometer (US Nasdaq 100 index) rising 97% in the 12 months following Covid-19’s original lockdowns in mid-2020. Through late February and March however, most tech stocks...
Six D thinking: The two sectors set to deliver investors explosive ‘exponential’ growth Most investors have a natural bias to investing in their local market and in what they understand. It is not easy to find the time
Our research team bring you their key market insights for the quarter. You can access Q4 -2020 – Holon Market Pulse here.
There is growing talk that technology stocks are overvalued and vulnerable to a crash in 2021, with the Nasdaq Composite Index up 60% since January 2020 and 110% since the Covid-19 market lows in March 2020. But while some...
Most investors believe that while inflation remains a risk, it has been relatively benign for some time. Official inflation figures show prices have been rising at a steady clip of around 2% per year. But the reality is much...
There is no doubt that 2020 was one of the most remarkable years of most investors’ lives. The Covid-19 pandemic has changed the world. Global economies are struggling and policy makers are spending and printing unprecedented sums of money...
Our research team bring you their key market insights for the quarter. You can access Q3 -2020 – Holon Market Pulse here.
Who should read this? You have to put your money somewhere – how do financial advisors providing asset allocation advice for their clients and self-directed investors navigate the road ahead? We evaluate the success of the 60/40 asset allocation...
There are few economic assessments that impact our lives more than the subtle methodology changes used to calculate inflation through the Consumer Price Index. Consumer Price Index (CPI) heavily influences the level where central banks, such as the US...
The role of Gold in history Gold’s allure led it to become a symbol of immortality and power across ancient cultures since 5,000 BC. Gold’s rarity and aesthetic qualities made it an ideal material for ruling classes to demonstrate...
The COVID-19 pandemic has unleashed a global slowdown never before experienced. As countries went into lockdown during 2020, governments and central banks were forced to implement unprecedented economic support programs, likely to cost US$50T, in order to cushion the...
Today The Mega Cap 7 The hard infrastructure assets required to power the global digital economy are mostly owned and operated by 7 global technology companies: Alibaba Amazon Apple Facebook Google Microsoft Tencent They have a market capitalisation of...
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