You're now leaving the Market Thinking website

Please note that you are about to leave the website of Market Thinking and be redirected to Toscafund Hong Kong. For further information, please contact Toscafund Hong Kong.


Insight - Making Sense of the Narrative


Amid all the discussions about the sanctions – and counter sanctions- against Russia, an extremely important issue is rearing its head; what is the future of the Petro-Dollar?

Much as we like to attribute moves in markets to ‘the news’, more often than not it is the more prosaic elements of portfolio rebalancing and dealer positioning that are the actual driving forces. Post the latest option expiry, this certainly seems to be the case as we explain in a short post.

The realisation is slowly dawning on Europeans that not only have Zero Carbon policies pushed Europe to a dangerous dependency on unreliable renewables that need (mainly Russian) natural gas as a baseload, but that the biggest winners of this...

Vladimir Putin’s adoption of established ‘Western’ tactics of Regime Change does not mean two wrongs make a right, not at all, but it does suggest that many other regimes will change as a result, regardless of how quickly things are resolved.

Market Thinking Model Portfolios use the principles of behavioral finance within a systematic risk management framework to deliver a dynamic asset allocation process for Absolute Return products.