Peter Garnry
Head of Equity Strategy
- @petergarnry
We would like to see S&P 500 futures push through the 2,600 level and CSI 300 through 3,200 to remain positive shor… https://t.co/CllGU4tY0R
- @petergarnry
Our take on Citigroup's Q4 results. From a macro perspective we will watch Delta Air Lines more closely today than… https://t.co/aK8nUsh6Er
- @petergarnry
@wy_Dalianmao Yes, and thanks for adding this. In addition we cannot exclude some behavioural effects from the rumo… https://t.co/D7WzGgDrPi
- @petergarnry
@TeisKnuthsen If the world was just not saturated in debt we might not fear deflation. Prolonged deflation in a pro… https://t.co/XQyjTUfmP8
- @petergarnry
@creationman46 @stacyherbert We agree that China should delever. The “need more stimulus” comment was meant as if C… https://t.co/1mOGmPO305
- @petergarnry
@volpato81 EVs have a ~5% market share of new sales so it does not reflect the overall market.
- @petergarnry
@TeisKnuthsen But this boost is likely only to be temporary...the net aggregate effect should still be negative lon… https://t.co/OzXyyT7lK1
- @petergarnry
China car sales (12M rolling) is down 4% over the past 3M. Worst decline since 2005 (maybe in the past four decades… https://t.co/eUsDB2fSwp
- @petergarnry
RT @theboydigital: WeWork has flown its entire global team to LA for 3 days, rented Universal Studios and hired the Red Hot Chilli Peppers.…
- @petergarnry
@zebracitron You are right about the Danish housing market not "breaking down" as we see in other housing markets,… https://t.co/DEqvcsNvrj
- @petergarnry
@TRADERJAB @jessefelder @ttmygh @RaoulGMI @GrantsPub @MarkYusko If Targa Resources succeeds in offering its $1.5bn… https://t.co/QP3EvZUzi1
- @petergarnry
More and more housing markets are breaking down. NYC, London, Copenhagen, Sydney and now Stockholm seeing its worst… https://t.co/wd5lnrYv2H
- @petergarnry
RT @awealthofcs: "All the algos are manipulating the markets I used to manipulate. It's not fair." -all the old hedge fund managers, basic…
- @petergarnry
RT @nntaleb: Version 2: turns out that the IQ story is vastly worse than I initially thought. https://t.co/sR5GJEHz60 https://t.co/1eIasgD…
- @petergarnry
Confirms the economic situation is serious. As we communicate in our Q1 Outlook 2019 is all about China... https://t.co/YeXBCiYBO2
- @petergarnry
China's car sales is now worse than the low point in 2008. It's getting serious. We are expecting more stimulus to… https://t.co/TWeq5QNnFL
- @petergarnry
WeWork is branding themselves as a co-working space business but essentially the value is currently derived from it… https://t.co/sfCub0eRAe
- @petergarnry
WeWork's 2025 bonds (senior unsecured) now trade at 10.1% yield and are down 10.8% from the peak in August 2018 (3)
- @petergarnry
The news that Softbank has scaled back on its investment plans for WeWork is dire news for global equities. It show… https://t.co/uv8v8cSDuT
- @petergarnry
@mikaelmilhoj Thanks Mikael. We use P/E, P/S, Div Yld, EV/EBITDA, Free CF Yld, P/B, P/CF, EV/Sales, EV/B in order t… https://t.co/wEKxKzuvTA
- @petergarnry
RT @tracyalloway: "An informal boycott of US products also seems to be taking place." BofAML notes that China consumers seem to be cutting…
- @petergarnry
S&P 500 valuation has come close to the long-term average since 1990. Future returns from these levels have positiv… https://t.co/XO55U6hfjs
- @petergarnry
Big shift in tone from Fed Chairman. This coupled with China's stimulus move means that risk sentiment is changing.… https://t.co/kACIol3U3l
- @petergarnry
If the S&P 500 pushes through the 2,520 level then the 2,600 level could be in sight short-term. If Chinese stimulu… https://t.co/RBsGqoypjh
- @petergarnry
First PBOC cuts reserve ratio and now big upside surprise to December US jobs data. Difficult markets to navigate.… https://t.co/z1h7o6qhWA
- @petergarnry
Apple shares down 9.2% in pre-mkt. The big revenue guidance cut is a big signal to the market. All companies with e… https://t.co/rglnQNuT1z
- @petergarnry
Bristol-Myers bid for Celgene is another move towards industry concentration which is a drag on economic growth and… https://t.co/csquiPDqkc
- @petergarnry
RT @lisaabramowicz1: We're still very much in a negative-yield era, despite the Fed's tightening. This is the market value of the Bloomberg…
- @petergarnry
We like to use Australia and South Korea as valid proxies for China strength (or lack of) and this chart tells us t… https://t.co/j9nBQsiayC
- @petergarnry
RT @RobinWigg: Fascinating new report by JPMorgan’s Josh Younger, who argues that bank regulation, not “algos”, is the primary cause of hei…
- @petergarnry
RT @HayekAndKeynes: Stop saying fucking “algos.” At least have the decency to pick one segment of the market to blame: CTAs, delta hedging…
- @petergarnry
RT @EpsilonTheory: Whenever I tweet about algos, I get the most disappointing replies. Makes me understand why @CliffordAsness drops out of…
- @petergarnry
RT @Steen_Jakobsen: Policy Panic getting very close ...and this under slow-gradual ‘normalization’ ..this administration is totally unprepa…
- @petergarnry
RT @TheStalwart: Remember all those stories about Wall Street getting into crypto trading? Basically none of that is actually happening htt…
- @petergarnry
@johnjhardy If it happens, it will be our quickest OP gotten right ever... By leaking to press Trump likely wants t… https://t.co/5Wh4sNfn3J
- @petergarnry
RT @TeisKnuthsen: That didn’t take long: Turkey vows to attack US Kurdish allies in wake of Trump pullout. https://t.co/APAt2mjvCv
- @petergarnry
In this analysis from earlier today we look at S&P 500 returns when volatility kicks into high numbers... https://t.co/pSlZeX9bge
- @petergarnry
China's plans to stimulate further in 2019 could be the stabilising factor here short-term...
- @petergarnry
@italcanon I would argue to a lesser degree. Securitisation has pulled every corner of the economy into the trading… https://t.co/siOL2sh1vc
- @petergarnry
The reason why he Fed should not separate market signals from economic data is that our economy has more financiali… https://t.co/nEpOTrJI6I
- @petergarnry
@SimonBendtsen Hvorfor er det bemærkelsesværdigt? Det har været et anerkendt fænomen i flere årtier. Det krævede et… https://t.co/imf8Nuy9sR
- @petergarnry
@HolbrookHldgs Correct, although this is not an ordinary market correction. Too many signals across different segme… https://t.co/yYwDfTlh55
- @petergarnry
We now have to contemplate the fact that the likelihood is increasing that the Fed is doing a policy mistake like i… https://t.co/kB7wgjb0XI
- @petergarnry
@jsblokland Because likelihood is increasing that the Fed is doing a policy mistake. 1937 redux?
- @petergarnry
Fed rate trajectory (potential policy mistake) and equity markets in one chart....second biggest December decline (… https://t.co/R4SGTYoNRh
- @petergarnry
RT @Lavorgnanomics: Big mistake by #Fed #Powell. Reiterates the automatic pilot approach to the balance sheet. Policymakers fundamentally m…
- @petergarnry
The Fed's rate trajectory will likely provide more pain to EM assets and countries in 2019
- @petergarnry
RT @jessefelder: It’s a tough time for banks trying to sell risky loans used to fund buyouts ahead of the transactions closing. They’re off…
About Peter Garnry
Peter Garnry joined Saxo Bank in 2010 and is Head of Equity Strategy. In 2016, he became responsible for the quantitative strategies team, which focuses on how to apply computer models to financial markets. He develops trading strategies and analyses of the equity markets as well as individual company stocks applying statistics and models.
Garnry developed Saxo Bank’s Alpha Picks which is a monthly publication selecting the most attractive stocks across the US, Europe and Asia. He also contributes to the Saxo Bank Quarterly Outlooks and the annual Outrageous Predictions and is a regular commentator on television, including CNBC and Bloomberg TV.
Peter Garnry joined Saxo Bank in 2010 and is Head of Equity Strategy. In 2016, he became responsible for the quantitative strategies team, which focuses on how to apply computer models to financial markets. He develops trading strategies and analyses of the equity markets as well as individual company stocks applying statistics and models.
Garnry developed Saxo Bank’s Alpha Picks which is a monthly publication selecting the most attractive stocks across the US, Europe and Asia. He also contributes to the Saxo Bank Quarterly Outlooks and the annual Outrageous Predictions and is a regular commentator on television, including CNBC and Bloomberg TV.
Can the Fed save equities from their worst December in over 40 years?
Peter Garnry
Head of Equity Strategy
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