Newsletter & Bulletin

Review and Outlook (August 8, 2022)

Fortnight in Review On July 27, the Fed raised the Federal Fund Rate of 75 bps to 2.25-2.50% unsurprisingly. The market speculated that rapid rate hike would come to an end and the CPI inflation had peaked with weak energy prices. The stock market showed strength and the S&P 500 Index rebounded 4.6% in the […]
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Review and Outlook (July 25, 2022)

Fortnight in Review On July 13, US published CPI inflation of 9.1%, a 30-year high. The Fed will decide the interest hike on July 27. According the Fed rate futures, the probability of 75 bps hike (to 2.25-2.50%) is 77%, and the probability of 100bps hike (to 2.50-2.75%) is 23%. The market speculated that the […]
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Review and Outlook (July 11, 2022)

Fortnight in Review In the uneventful two weeks, the US equities did not fluctuate much and the S&P 500 Index slightly declined 0.3%. The USD Index rose sharply to 108.23 from 104.11 (+4.0%). The two major counterparty currencies, EUR and JPY, both dropped significantly. Euro dropped as the Euro Zone’s inflation was even higher than […]
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Review and Outlook (June 27, 2022)

Fortnight in Review On June 16, The Fed announced a rate target hike of 75bps to 1.50-1.75%, a radical move to deal with the 8.6% CPI inflation earlier. The US market then rebounded afterwards showing a V-shape, due to lack of further events. The S&P 500 Index was flat at 3900 in the past two […]
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Review and Outlook (June 13, 2022)

Fortnight in Review The U.S. CPI reached a 40-year high of 8.6% last Friday, exceeding the market consensus of 8.3%. The financial market responded with a sharp drop of stocks and rise of USD Index, as the hope of a mitigating inflation busted. In the past two weeks, S&P 500 Index declined to 3900 from […]
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Review and Outlook (May 30, 2022)

Fortnight in Review In the uneventful two weeks, S&P 500 Index registered a 3.4% rebound after a dip initially. USD Index declined to 101.48 from 104.48 (down 2.9%); RMB appreciated 2.8% against USD to 6.66 RMB/USD. Hang Seng Index was up 6.0% in the past two weeks, accumulating a 9.8% decline year-to-day, compared to a […]
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Review and Outlook (May 16, 2022)

Fortnight in Review On May 4, The Fed raised fund rate by 50 bp to 75-100 bp. However, the comments of Fed Chairman Powell was interpreted dovish and the S&P 500 Index rebounded by 3% on that day. The market then continued to go down and registered a 2.6% loss in the past two weeks. […]
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Review and Outlook (May 3, 2022)

Fortnight in Review The market expects the Fed to raise fund rate by 50 bps to 75-100 bps. Consequently, the US stocks and bonds were down and the USD Index was up. The S&P 500 Index was down 3.3% last week, registering a 12.8% loss year-to-date. RMB kept depreciation rapidly, dropping from 6.38 RMB/USD to […]
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Gold

EGAS May Newsletter

OUR STRATEGY The Excelerate Gold Alpha Strategy (EGAS) is focused on movements in the gold price. The strategy trades both long (BUY trades) and short (SELL trades) using a combination of time and price inputs to trigger trade signals. Excelerate Fund Management’s team has over 40 years of financial markets trading expertise aiding the strategy […]
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Gold

EGAS April Newsletter

OUR STRATEGY The Excelerate Gold Alpha Strategy (EGAS) is focused on movements in the gold price. The strategy trades both long (BUY trades) and short (SELL trades) using a combination of time and price inputs to trigger trade signals. Excelerate Fund Management’s team has over 40 years of financial markets trading expertise aiding the strategy […]
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