Be quiet whilst the tempest lasts.
W.M. Thackeray.

Publications

10 / 06 / 2020

Igor Bondarenko, Managing Partner, Stride Consulting
June 1 – June 8, 2020

 

Money in the US is always working even despite the pandemic and the outburst of civil disobedience. There are plenty of reasons to expect a crash in the US stock market, however Americans go on investing. The world is removing lockdown restrictions.

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05 / 06 / 2020

Igor Bondarenko, Managing Partner, Stride Consulting
April 25 – May 31, 2020

 

Countries remove the isolation regime and open their borders. However, the social distancing measures  will remain in effect for a long time. Under the circumstances, no one knows what consumer preferences will be. According to forecasts for 2020 the global economy will shrink by 3% - 7%. The market is growing, central banks provide the market with excess liquidity, interest rates are at the minimum level.

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28 / 04 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Арr 17-24, 2020.

 

The strategy of maintaining financial stability which central banks implement by issuing money helps to win some time and to address social concerns by available methods.  The longer the process of reopening after the quarantine lasts, the more consumer preferences will change for fear of an unknown viral infection.

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27 / 04 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Арr 01-16, 2020.

 

Despite the decline in industrial production due to the COVID-19 outbreak, the capital market is not cheap. Nevertheless...

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06 / 04 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Mar 20-31, 2020.

 

This crisis will be nothing like any other financial or economic crisis, since it is caused by an emergency event, that is the epidemic.  The economy is likely to recover faster, while political implications might be painful. Governments are not ready for such force-majeure.

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23 / 03 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Mar 13-20, 2020.

 

Over the past few days, investors were left with only one safe haven that is the US dollar.  Treasury notes, precious metalls, stocks of state-owned companies ceased to preserve their value and lost trust of investors.  Oil demand shrank sharply and Brent oil dropped to 26 USD per barrel. Losses...

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16 / 03 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Feb 28 - Mar 11, 2020.

 

The collapse of the OPEC+ alliance caused oil prices to crash to 36 USD per barrel (-45% since the beginning of the year).  Russia refused to cut back oil production and major world oil producers started competing for oil market share.  From February 14 until March 10, 2020 investors lost the total value earned for the entire year 2019 (-23% of the highest levels). COVID-19 spread to the USA and Europe.  Governments ban mass gatherings, restrict the movement of people, impose quarantine on tourists coming from the foci of infection.

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06 / 03 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Feb 14-28, 2020.

 

The diffusion of the coronavirus is becoming an infodemic. The S&P 500 fell back to the level of September 2019 by losing 12% for the week.  Russia's RTS crashed almost 15% due to the collapse of stock prices in the oil and gas sector and the depreciation of the Ruble against the US Dollar. The yield on 10-year US Treasury notes dropped to its all-time low of 1.16%. Should another stock market bubble be deflated now or should it be done gradually?   How will budget deficits be financed? How sustainable is the global economic growth? How long can rates remain low? It is better to give answers to the above questions without coronavirus outbursts.

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19 / 02 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Feb 7-14, 2020.

 

Last week showed a steady recovery in the global stock and commodity market, however, the anxiety caused by the outbreak of the coronavirus has not yet subsided. Gold and treasury bond prices are still close to their maximum annual figures, which indicates that investors are afraid of parting with defensive assets. In Russia the key rate decreased to 6.0%.

 

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17 / 02 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Jan 31 - Feb 7, 2020.

 

Unrest associated with the spread of the coronavirus continues to bother investors, and the capital market has not fully recovered. Yields on treasury bonds remain low, gold is traded at prices that are higher than quotes at the beginning of the year. Correction in the oil market weakened the ruble and keeps Russian stocks from new records.

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28 / 01 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Jan 17-24, 2020.

 

Last week the World Economic Forum in Davos held its 50th anniversary conference. The new members of the Russian Government appointed last week turned out to be less liberal and more technocratic. The coronavirus epidemic in China is gathering momentum and unfortunately, the death toll has risen. Stock markets and oil prices reacted to the outbreak in China dramatically by a slump in quotes and indexes. 

 

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23 / 01 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Jan 13-18, 2020.

 

The entire Russian Government resigned right after the presidential state of the nation address to the Federal Assembly on January 15, 2020. This news came as a surprise although the decision had long been needed and was well-orchestrated. On January 16 the president signed a decree appointing Mikhail Mishustin as Prime Minister of Russia. The executive branch was overhauled smoothly and without delays.

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14 / 01 / 2020

Igor Bondarenko,  Managing partner,  Stride Consulting,
Jan 6-11, 2020.

 

The stock market rally keeps on despite geopolitical risks and a certain slowdown of global economic growth. The World Bank forecasts that the global economy will grow 2.5% this year which is slightly higher than growth rates in 2019 (2.4%).

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27 / 12 / 2019

Igor Bondarenko,  Managing partner,  Stride Consulting.

The departing year 2019 has been very generous for optimists who continued to invest despite trade wars, political separatism and sanctions. Low interest rates of central banks boosted liquidity in the stock market, investors chased after high dividend stocks and promising digital projects.

 

 

 

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17 / 12 / 2019

Igor BondarenkoManaging partnerStride Consulting,
Dec. 9 - 14, 2019.

 

A week before the Christmas holidays investors had long-expected reasons for a rally.  The Bank of Russia cut the key interest rate to 6.25% in the expectation that inflation for the year will prove to be below the target figure.

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09 / 12 / 2019

Igor BondarenkoManaging partnerStride Consulting,
Dec. 2 - 7, 2019.

There has been plenty of positive news this week that has inspired investors to take new risks.

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08 / 12 / 2019

Stride Consulting, Dec. 08, 2019

 

The Russian economy has recovered from the 2015 slump of 2.9%, however continues at a slower pace than the global economy, ranging between 1.5%-2.0%. But...

 

 

 

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03 / 12 / 2019

Igor BondarenkoManaging partnerStride Consulting
Nov. 25 - 30, 2019.


The day before Thanksgiving markets were in an upbeat mood, however on Friday, November 29, oil prices dropped by 4.25%. The fall was caused by President Donald Trump's supporting protests in Hong Kong.

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News

15 / 04 / 2021

How can investment opportunities be found in the technology sector? The Untitled Ventures and Stride Consulting are hosting a Technology Symposium for Investors and Technology Companies on April 21, 2021.

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15 / 01 / 2020

Russia's government unexpectedly resigned after President Vladimir Putin proposed sweeping constitutional changes... Putin said Medvedev would take on a new job as deputy head of Russia’s Security Council, which Putin chairs.

 

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15 / 01 / 2020

The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world’s two largest economies.

 

 

 

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11 / 01 / 2019

Trade with China has topped $100 B in 2018 for 1st time; share of CNY in RUS reserves is up to almost 15%, with USD down to just 22%. The € accounts for 32%, and even the JPY is up to 4.5%. De-dollarization will be long process, but it has started.

 

RUS geoeconomics &geopolitics

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