Andrew Lees

Here is anther note from Andy Lees of UBS this morning, this time regarding the intra-Asian competition for natural resources with China as the lead actor. Andy writes (links added): You will have seen this morning Vietnam's state media…

Despite the small pullback in equities today the momentum is higher on the US stock market, golden cross and all. Below is a chart that Andy Lees of UBS put up in his morning note today. It shows that we are now back above "the Lehmans…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Unemployment is stuck in a rut. One reason is the tendency to look…

Andy Lees who does Macro Derivatives Strategy at UBS says the Euro has a lot farther to run to the upside. You will recall that I mentioned his comments in May regarding the makings of a technical countertrend rally for the Euro. Now, he is…

Adam Hewison at INO does a little technical analysis of the EUR/USD trends in a video at INO MarketClub. I have linked to the video below, but first a few words. Back in May, I wrote: while there is currency revulsion now at work and…

A number of sources are reporting that the Chinese have been loading up on JGBs despite their relatively low yields. Is this a flight to quality by the Chinese central bank? Andy Lees of UBS shows that the magnitude of the purchases…

The first real warning that growth in the global economy was set to decline came in April. And since then, the signs of distress have only increased. In the US, the distress is everywhere – in the housing data, the employment figures, and…

There is nothing preventing the Federal Reserve from buying up any financial asset it so chooses with money it creates out of thin air. In fact, I seriously doubt that the vaunted bond market vigilantes would be able to cause US interest…

Echoing the Marc Chandler's comments yesterday, Andy Lees of UBS had some constructive things to say about the potential effect of a Chinese revaluation on Mexico. Mexican Finance Minister welcomes the move because it will help Mexico’s…

I have been very hawkish on protectionist rhetoric in the past, going so far as to call it the major risk to continued economic growth. However, I was on BNN's Headline show at lunchtime yesterday with Stacy-Marie Ishmael of FT Alphaville.…