Not a conventional Market Thinking to close 2015, nor a set of guesses and predictions for 2016. Instead it is more a series of 15 ideas for discussion and contemplation over the break. These are neither forecasts nor predictions, rather … Read More
Running into year-end most activity is position squaring and short covering rather than initiation of active positions. The FOMC on Wednesday is the peg on which to hang this week’s activities, much as last week reflected the unwind from the … Read More
Thanksgiving last week made for a shortened trading session and most books were positioned ‘flat’. What the US refers to as the ‘holiday season’ is now underway and excepting some likely activity around the options expiry on December 18th, it … Read More
Any short term market commentary seems rather fatuous in the wake of the terrible events in Paris last Friday. Traders will likely look to precedent – the London and Madrid bombings, or even 9/11, but beyond an initial flight to … Read More
The Chinese data this week showing 6.9% gross domestic product (GDP) growth produced some intriguing reactions. On the one hand, lots of commentators sniffed at the accuracy of the data while on the other hand, many of them (even the … Read More
With a new quarter starting it will be interesting to see how much of the sell-off in recent weeks has been window dressing and delta hedging from the derivative markets and whether there are genuine long term value investors prepared to … Read More
The Fed didn’t raise interest rates last week, despite the US economic indicators suggesting that they should, for the same reason that they haven’t moved for the last seven years (or increased for the last nine years) – global market … Read More
Markets are becoming less correlated with one another which, as analysts at Citi point out, suggests an environment more like the mid-90s than the mid noughties and an era where both asset allocation and stock picking become more important. Major … Read More
Investors need to recognise that the received narrative on markets is usually created by short term traders. On China this has swung from ‘uber bull’ to ‘uber bear’, while the reality has always been half way. The market moves in … Read More
Last week, we discussed how China was being criticised in the west for its attempts to stabilise its financial markets, often by the very same people who were all too keen for the G4 to intervene in previous market panics. … Read More
Mark Tinker is head of AXA Framlington Asia, AXA Investment Managers. Mark moved to Hong Kong in September 2013 to support the expansion of the AXA Framlington franchise in Asia. His role involves working closely with the distribution teams in Asia to develop business in the region and supporting the development of our Asian equity capability.
Mark joined AXA Framlington in November 2006 and managed the AXA Framlington Global Opportunities Fund from September 2007 to end of August 2013.
Mark was previously Global Strategist at Execution Limited. He worked for Commerzbank as Head of Equity and Debt Strategy. Prior to this, he worked with HSBC James Capel as Head of UK Strategy and with UBS Warburg, where he ran their Pan European Equity Strategy team.
Mark began his career as an Economist at Williams and Glynn (now RBS) after graduating with an honours degree from Durham University in 1983.
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