Trident Strategic Partners

An investment platform delivering intelligent capital with quiet authority. Private market advisory and direct investment across real estate and private equity.

[Trident Strategic Partners @AskTridentSP]

Our CIO, Shay Kshatriya, on why diversification has to be accessed dynamically — and how to read waht an EM allocation is actually doing. Full note: https://t.co/xmj7kjzoJZ

[Trident Strategic Partners @AskTridentSP]

"Emerging markets" used to mean diversification. Lately it means more of what US investors already own.

The 30-day correlation between EM and US tech has climbed toward .90 as Taiwan and Korea semis now anchor the benchmark.

The label and the exposure have drifted apart.

[Trident Strategic Partners @AskTridentSP]

As our CIO Shay Kshatriya notes on LinkedIn, the communication regime is the story.

https://t.co/w3FuygkQFP

[Trident Strategic Partners @AskTridentSP]

Warsh held rates last week, as expected. The more consequential signal was what he chose to withold — his dot.

With less guidance, markets will need to rely on their own jdugement. More near-term volatitlity, but cleaner signals, and a higher premium on independent thinking.