Welcome to the twenty-third edition of the CIO Chartbook, within which we will explore:
 

1. The soft-landing 

2. The Sahm rule

3. Trump's election
 

And some more...

Disclaimer

This document is issued by Compagnie d’Investissements et de Gestion Privée Group (“CIGP”), solely for information purposes and for the recipient’s sole use and shall not be further transmitted to third parties. You have been provided with this document in your capacity as Professional Investor(s) as defined in Part 1 of Schedule 1 to the Securities and Futures Ordinance (Cap. 571). If you do not meet the Professional Investor criteria, please disregard this document.

CIGP does not assume responsibility for, nor make any representation or warranty (express or implied) with respect to the accuracy or the completeness of the information contained in or omissions from this document. None of CIGP and their affiliates or any of their directors, officers, employees, advisors, or representatives shall have any liability whatsoever (for negligence or misrepresentation or in tort or under contract or otherwise) for any loss howsoever arising from any use of information presented in this document or otherwise arising in connection with this document. This document may not be reproduced either in whole or in part, without the written permission of CIGP. Past performance is not a guarantee of future results. There can be no assurance that forecasts will be achieved. Economic or financial forecasts are inherently limited and should not be relied on as indicators of future investment performance.

This document is not a prospectus and the information contained herein should not be construed as an offer or an invitation to enter into any type of financial transaction, nor an act of distribution, a solicitation or an offer to sell or buy any investment product in any jurisdiction in which such distribution, offer or solicitation may not be lawfully made. Certain services and products are subject to legal restrictions and cannot be offered worldwide on an unrestricted basis and/or may not be eligible for sale to all investors. Unless cited to a third-party source, the information in this document is based on observations of CIGP. The information provided is based on numerous assumptions. Different assumptions could result in materially different results. Before acting on any information you should consider the appropriateness of the information having regard to your particular investment objectives, financial situation or needs, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. The contents of this report have not been and will not be approved by any securities or investment authority in Hong Kong or elsewhere.

CIGP acts as an agent when recommending or distributing investment products. The product issuer is not an affiliate of CIGP. CIGP is an independent intermediary, because: (i) we do not receive fees, commissions, or any other monetary benefits, provided by any party in relation to our distribution of any investment product to you; and (ii) we do not have any close links or other legal or economic relationships with product issuers, or receive any non-monetary benefits from any party, which are likely to impair our independence to favour any particular investment product, any class of investment products or any product issuer. Neither us nor our group related companies shall benefit from product origination or distribution from the issuers or providers, whether in monetary or non-monetary terms. We do not provide any discount of fees and charges.

Sources: Alpine Macro, Bloomberg, CIGP, Fed, Fidelity, Goldman Sachs, JP Morgan.