mgiuliani

mgiuliani

Interesting company operating in the real estate sector with prestigious buildings in Paris. The title seems to have found price stability around 103/104 euros. The dividend is around 5%. We believe it may have an interesting bullish move.

mgiuliani

The fly to heaven this year has only one name: the US dollar. There are no bonds, stocks, commodities holding, the driver of security remains the dollar. Poor and middle income countries have a lot to lose from FED higher rates, and this could be a further weapon of an asymmetric warfare. We believe that we will be able to see parity with the euro much sooner than...

mgiuliani

The most interesting project that Rolls Royce is carrying out is the SMR. Rolls-Royce SMR has been established as an independent company, drawing on decades of Rolls-Royce experience in nuclear design and engineering, while capturing industry leading expertise, support from the UK Government and investment from world class companies. Rolls Royce SMR was formed to...

mgiuliani

Under the USD-HKD peg, HKD interest rates will track on higher USD rates amid the Fed’s rate hike cycle. Currently interest rate market is pricing in more than 8 Fed’s rate hikes in the rest of this year and HKD interest rates are set to remain under upward pressure. We expect HKD spot to weaken to 7.85 level in H2-22 and the HKD liquidity drainage via HKMA’s FX...

mgiuliani

The Company focuses on providing liner services between all continents. Its fleet comprises container vessels with capacity up to 10,500 twenty-foot equivalent units (TEU). China-Europe rail routes become supply chain’s latest problem and the conflict is adding to congestion at some of the biggest ports, putting further pressure on global supply chains that are...

mgiuliani

Euronav is an international shipping enterprise which focuses on oil transport by sea. On 7 April 2022 there was announced a merger between Euronav and Frontline Ltd. pending regulatory approval and ironing out of the last details. The combination would be based on an exchange ratio of 1.45 shares in Frontline for every Euronav share. Euronav shareholders would...

mgiuliani

Foreign cargo used to be priced in U.S. dollars (or in the case of gas, euros), but now the ultimate sources of foreign cargo (foreign nations) are changing the form of payment they demand and prefer: Russia is now invoicing its commodity exports to “non-friendly” nations in ruble, not U.S. dollars or euros, and Saudi Arabia is open to China paying for oil in...

mgiuliani

More worrying for policymakers than the present inflation, is expectations of where inflation is likely to sit in the future. Both 5- and 10-year breakevens have detached from the FOMC’s 2% price aim which will concern those on the Committee. Next time we think that the "safety heaven" will reach negative yiled, on most of the curve, starting from the 5-year...

mgiuliani

Once even these latest technological bulwarks succumb to gravity, all indices will likely drop another 10% yet. And at that point we would probably have hit rock bottom with the "capitulation" of the markets. At a financial technical level we have a VIX index which continues to remain very very high, and at the same time we have the financial markets which...

mgiuliani

Ammunition is an integral part of military structures and requires continuous supply. In any case, if the company manages to have important orders with the Army, the stock could have important upward movements. Interestingly, the company is debt-free. Investor Relations internet address below: ammoinc.com

mgiuliani

The Russian invasion has been largely discounted by the markets, however the uncertainty that generates a war in Europe is always very high, the potential for retaliation is very high, the interconnections between the integrated economies and the probability of an energy and production block begin to be important. So beware, the moment is very delicate, but we do...

mgiuliani

The violation of the 3.800 level could occur in the case of confirmation of the war event (Russia-Ukraina). There would therefore be a further sell-off phase that would lead to the implementation of a first capitulation that would lead the Eurostoxx50 to move in the 3600-3200 range. The low end of this range could represent an attractive entry level. The breakout...

mgiuliani

The iTraxx Crossover 5-Year TR Index is designed to reflect the trend of the following market: - 5-year CDS of European institutions (pure credit exposure, funded CDS position). The Fund invests in bonds whose rating is below investment grade. These are generally associated with a higher default risk and are more exposed to market fluctuations. The performance of...

mgiuliani

The 10-year minus 2-year Treasury bond spread is generally considered to be an advance warning of severe weakness in the stock market; credit spreads often widen during times of financial stress wherein the flight-to-safety occurs towards safe-haven assets such as U.S. treasuries and other sovereign instruments. Yield curve inversion takes place when the longer...

mgiuliani

Much better to panic early than late. The VX1-VX2 spread helps you define when market participants are starting to panic. The backwardation / reversal is a sign that market participants are starting to panic. In this sense we can use it as a risk mitigation tool, including the distributions of returns for the stock market and the volatility when futures are in...

mgiuliani

VW is working with partners to improve battery system performance and costs down to the cell level. It plans to call a new battery cell in 2023 to be used in up to 80% of VW Group's electric vehicles by 2030. VW expects to reduce battery costs by up to 50% in the entry-level segments and up to 30% in the mid-market segments. loud volume. VW, together with...

mgiuliani

In the last quarter the company has beaten all estimates, both in terms of sales and earnings per share. Azure cloud revenue merely matched analysts’ expectations and the company said it would acquire Activision Blizzard for $68.7 one of the best video game manufacturers. Although a growing dividend and the ongoing stock repurchase program are certainly...

mgiuliani

A FED taper is bullish for bonds. Since 2002, there's nearly a 90% correlation between the price movement of stocks and bonds. On 30's the key level of support is at 1.825%. A long bond position right now is a long VOL position. You are betting on weaker global growth and inflation expectations along with the potential for a major risk-off event that would trigger...