Hermaion Capital Management

18/05/2021

We have been honored by the invitation to talk about our visions on global macro, financial markets, and geopolitics in the first edition of Business Talks Monaco. Great organization and business environment. Many thanks to organizers and sponsors.

The first edition of BUSINESS TALKS MONACO was hosted at Fairmont Monte Carlo on Tuesday, 11th May 2021 with full respect of the COVID-19 guidelines set...

21/04/2021

https://twitter.com/lisaabramowicz1/status/1384264587021672452?s=20

“The U.S. pumped $12.3 trillion of monetary & fiscal stimulus into it's economy in the 13 months through March 2021: BofA Global, via ”

07/04/2021

Great exchange at The Paris Institute of Political Studies (Sciences Po) on Global Macro Analysis & Geopolitics.
Many thanks to the whole team of Sciences Po Finance

08/10/2018

Nobel in Economics to human capital-endogenous growth theory (Romer) and climate change-growth externalities (Nordhaus). Congrats !

21/06/2018

https://www.reuters.com/article/us-funds-msci/argentina-saudi-arabia-to-be-part-of-msci-emerging-markets-index-idUSKBN1JG3AN

Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets.

09/10/2017

Professor Richard Thaler (University of Chicago), Nobel Prize of Economics 2017. Behavioral Finance scientifically tested what we see in our everyday trading: financial markets are not rational.

04/01/2017

Euro-USD facing new downside?

Why The Euro's Late 2016 Crash Was... 2 Years in the Making: http://bit.ly/2hMX7PX

08/09/2015

"Argentina: Macroeconomics Post 2015" (in Spanish)
By Martin Gramont Manzo
Bastion Digital
September 7th, 2015

Argentina tendrá en octubre la oportunidad de hacer las cosas de manera diferente. No solo en economía sino también en lo político, social y cultural.

06/07/2015

Europe & Greece: "Real Options for Greece" (in Spanish)
Europa & Grecia: "Opciones Reales para Grecia" (en espanol)
By Martin Gramont Manzo
Bastion Digital
July 6th 2015

http://ar.bastiondigital.com/notas/opciones-reales-para-grecia

El referéndum realizado ayer en Grecia fue un ejercicio de democracia real y directa por más que ciertos factores de poder y, sobre todo, cierta prensa que representa el statu quo europeo quiera hacer creer que lo de ayer fue una afrenta antidemocrática. 61.3% de los ciudadanos griegos -contra un 38…

22/06/2015

Europe & Greece: "Report on Blind" (in Spanish)
Europa & Grecia: "Informe sobre Ciegos" (en espanol)
By Martin Gramont Manzo
Bastion Digital
June 22 2015


http://ar.bastiondigital.com/notas/informe-sobre-ciegos

El gran Ernesto Sábato publicó en 1961 una de las mejores novelas escritas en idioma español: la inmensa y “porteñísima” obra “Sobre Héroes y Tumbas”. En su capítulo III el personaje Fernando Vidal Olmos presenta el escalofriante y lisérgico “Informe sobre Ciegos” donde describe una secta de ciegos…

23/01/2015

Greece and the Big European Trap. (in Spanish/espanol)
Grecia y la Gran Trampa Europea
By Martin Gramont Manzo
Bastion Digital
Jan 23 2015

http://ar.bastiondigital.com/notas/grecia-y-la-gran-trampa-europea

Se le atribuye al gran Marco Tulio Cicerón, filósofo y Cónsul de la República de Roma (63 a.C. - 62 a.C.) -en donde introdujo la filosofía Helena- la máxima “No basta con alcanzar la sabiduría, es necesario también saber utilizarla”.

16/10/2014

As we anticipated since early this year the European and US equity markets are finishing a bull cycle. It is not a surprise for us the violence of last hours corrections. We favor deeper downward movements in these equity markets. Instead Asian equity markets are counter-cyclical and they are going for other rail.

On the other hand, as we anticipate since late 2013, the turning to a dovish monetary policy in Europe and to a (slowly) hawkish monetary policy in USA are forcing a reversal monetary flows pattern which will castigate the Euro and Emerging currencies as long as soft commodities and crude oil (which are finishing on their own their cycles). We favor instead the U.S. Dollar and the USD denominated short duration corporate bonds (high quality), as we are advising our clients since -at least- six months ago.

For those participants willing to go short on indexes the coming weeks will offer very good opportunity windows.