Binary Outcome for Turkish Referendum

Featuring Michael Harris

Michael Harris has a long track record as an EEMEA strategist, specializing in Turkey and with the approaching constitutional reform referendum seen as a binary event, Mike outlines some actionable trade recommendations, as he plays out the various political scenarios. The lens also falls on South Africa and the rand, as he examines whether the market is ready for a potential downgrade. Filmed on March 22, 2017 in London.

Published on
31 March, 2017
Topic
EMEA, Africa, Politics
Duration
38 minutes
Asset class
Equities, Currencies
Rating
58

Comments

  • AS

    Amit S.

    20 6 2018 11:18

    1       0

    There are times when I find better insights under the comments section than in the actual video/content!

  • ot

    ognian t.

    17 6 2018 14:39

    4       0

    What a gem! Go to 3:30 where we hear that "SRVR provides the backbone for 21, 22 and 23 century". Yes, Kevin we ( I mean homo sapiens) nailed it as we are so good at predicting the next quarter of two why not leap 200-300 years ahead into the future. I am sorry, I could not continue watching after that as it so obviously above my comprehension and imagination.

  • LD

    Leo D.

    17 6 2018 05:06

    2       0

    It would be interesting to invite Brad Thomas on for some counterpoints to the rates going up = REITs going down narrative. Just a suggestion because I would like to hear both sides of the argument.

  • AL

    Alfonso L.

    16 6 2018 18:49

    1       0

    In terms of SRVR, I hear him about the growth of data centers. But some part of me sees things shrinking dramatically in terms of size, and increasing in terms of performance. I like the idea of Data Center REIT's, and I see the value of them not being owned by the large technology users, but instead being leased. But, somewhere in here I think the size of the computers might drop and then the demand for space might shrink. It's unlikely, but I'm not sure that I prefer these dramatically to say an apartment complex where i'm only betting on the population gently increasing to keep my complex full.

  • TT

    Tim T.

    15 6 2018 21:44

    0       0

    Any time someone makes a prediction more than a few years out I giggle....especially an aggressive one. "50 to 100 years" is a ridiculous prediction....no one know what things that far out will look like investment wise.

  • rm

    russell m.

    15 6 2018 18:13

    0       0

    For me, I don’t care for pairs. However I sometimes consider a long in AMT, one of the heavy weights in his etf, but in the end I am never willing to pay that much. I don’t like pricey yield stuff. All I want is a growth rate, a multiple, and a chart I can swing trade. I keep passing.

  • MM

    Mike M.

    15 6 2018 15:41

    5       0

    Liquidity, SRVR has traded only 200 shares today? Stop is meaningless.

    Best regards,

    Mike

  • SC

    Sean C.

    15 6 2018 14:04

    4       0

    Clearly appears to be a spread trade and not two separate trades. As such shouldn't both entry levels and stops be on a spread basis and not separate? Given that it is a spread would have been nice to see some discussion as to whether he recommends the spread being dollar neutral, beta neutral, or maybe even yield/carry neutral.

  • SS

    Sam S.

    15 6 2018 13:53

    0       0

    Well done, informative, and excellent presentation from both!

  • KJ

    Kulbir J.

    15 6 2018 13:45

    3       1

    The returns over a 3 year period (about 10%) isn't very appealing.

  • CM

    Carlos M.

    15 6 2018 10:04

    13       0

    as a summary
    you short VNQ and long SRVR, they are positively correlated ... but unless he did the sum of the parts to have a bit of history you cannot possibly say that if one goes down 10% the other one goes down 4% with any degree of confidence since it is a very new product.
    plus it probably has a high correlation with the tech industry which in my view we should be expecting some sector rotation soon.
    plus you have a negative carry ( -4%+ 3.3% ) without adding any other fees and you are planning on holding it for 3 years.
    sorry but it did not convince me, great way of promoting a new etf though. :)