August 2024 Newsletter

We now enter the last month of the summer period, and soon most people are back from a well-deserved break and with their batteries recharged.

As I have mentioned before, Rye Outsourcing is in a revamping mode, and as such, this has been an intellectually rewarding process. (A subject for my next article, so keep an eye out).

My website https://ryeoutsourcing.dk/ is almost complete, but still need an English version. I would be happy to get suggestions and criticism about the website to [email protected].

For now, I am pleased to inform you that @Melanie Goodman, founder of Trevisan (LinkedIn?? Training & Marketing - CPD Accredited) has agreed to do a webinar in September. Subjects to be covered. Please send your wish list to my email.

In my latest article or blog if you like, I started a discussion about #AI. https://www.dhirubhai.net/posts/mogensrye-financial-media-outsourcing_ai-activity-7221834287371722752-mTDc?utm_source=share&utm_medium=member_desktop

Some of what it can do is truly amazing. Take building Excel sheets for example. Using a prompt to explain what you want it to do, and instead of hours or maybe even days, it will complete the task in matter of minutes. You still need to know what it is that is being calculated to understand the output, but the manual labor?... Almost all but gone.

Rye Outsourcing through a partnership with Kasper Hansen is just about to launch Asset Insight Media, a company that facilitates Webinars, Video's and Podcasts to enhance asset managers brand building and market communication in a cost effective and effortless way, spending time on different #AI tools is key to us. As our starting point is 40+ years of experience in the financial markets and 20 years of experience in Video production, we have the network to make our clients journey from idea generation, over scripts, to recording and post editing and not the least DISTRIBUTION painless.

From choice of equipment, how to make it a "mobile" studio to the finished product, Asset Insight Media "Amplify your insights".

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Inflation in the UK is heading down, The UK inflation rate has shown significant improvement over the past year, dropping from a peak of 11.1% in October 2022 to approximately 2.3% as of April 2024. In June and July 2024, the UK inflation rate remained stable at 2.0%, unchanged from May 2024.

The Bank of England (BoE) maintained its key interest rate at 5.25% in June 2024, aligning with market predictions following the U.K.'s inflation reaching the central bank's 2% target. Despite this steady decision, traders perceived the BoE's messaging as subtly dovish, increasing the likelihood of a rate cut in August.

With ECB having begun the rate cut circle, and with the markets now pricing in FED cut in September of 2024, and given the inflation development in the UK, it seems likely that BOE could begin its rate cut cycle.

Given a more pro-European government in place, I would also venture that trade relations, could improve, and that some of the unnecessary administrative issues created for the UK by Brexit, could see improvements. (Such as movement of goods and services).

I have previously mentioned Goodwin Capital, and their 2-Year Loan note program. I would like to stress that Rye Outsourcing do not engage in Financial advising. We can and do provide access to different investment opportunities, but do not make any recommendations.

If you want to learn more about this 2-year loan note program, please reach out to me or visit their home page: https://godwingroup.co.uk/news/

I met up with Konstantin Fominykh, CFA while in New York. We had a great coffee and discusion on distribution of the TenViz product. For all asset allocation purposes, the system provided by them, gives a very different insight into how flows are moving between asset classes. This can be a very powerfull predictor. We did one webinar before breaking for the summer, and I have already shared the link once. However, should you have misplaced it, please take a look here: https://youtu.be/MrHqZMWTogs

At the last presentation I did with Konstantin, I noticed their system had a short recommendation on Stellantis. I sold around EUR 19. Now trading at EUR 15,4. I know, its one stock over a short period. However, the signal was enough for me to look around and see what the fundamental analysts were saying. I added some more track on the stock and decided to let it go.

Konstantin has a weekly newsletter: https://tenviz.us19.list-manage.com/subscribe?u=a87200cf66b3e0b6809f3344e&id=0ec44958cf so sign up for more signals.

Happy August

Mogens