Welcome to 2019! We hope that everyone's holidays were wonderful. Our core CPI call has proven to be a little aggressive. However, we note the maintenance of US core CPI y/y despite headline CPI dipping significantly as providing some validation to our quantitative model. We still see core CPI inflationary pressures in the economy and point to increases in prices of Amazon prime memberships and Netflix fees as proxies for our proprietary data set/model. Brexit is also a major theme for core inflationary divergence as is the trade/tariff environment.
We want to thank our clients for a terrific 2018. We at Kokofund expected to be primarily writing commentaries and discussing macro themes with our clients throughout the year. However, the growth in our Sales/Price Forecasting Division has been incredible. We are exploring an expansion of our office space and adding staff to maintain the quality of our services.
We are still working towards being licensed to manage institutional money and will provide more updates on this going forward. Our market calls were outstanding in 2018 but we are aware of the fact that calling a market in which you are trading a professional book is much more difficult than managing a personal account.
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