Opinion – Wednesday 12 December 2018

Markets continue to jump at shadows. News, just after I posted yesterday morning, that China was planning to cut US car tariffs provided a positive start to the European proceedings, but later in the session sentiment was dented again following President Trump’s...

Opinion – Tuesday 11 December 2018

The market and UK political commentators have been widely touting the high likelihood that tomorrow’s Parliamentary vote on Brexit would not get passed and that reality has now been officially grasped by Prime Minister May. May has relented and postponed the vote and...

Opinion – Monday 10 December 2018

Weaker than expected US Payrolls (+154k) still-benign earnings growth (3.1%) and an unchanged 3.7% unemployment initially drove US bonds yields and the US Dollar lower Friday (while a much stronger than expected Canadian labour market report and, later, higher oil...

Opinion – Friday 7 December 2018

It has been a sea of red for equities in Europe and the US, mainboard European stocks down around 3% and the S&P 500 down over 3% at one stage before a late rally saw the market close just 0.40% lower. US energy stocks are again being beaten up with oil prices...

Opinion – Thursday 6 December 2018

With the US Equity and Bond Markets closed for the funeral of George H.W.Bush markets have traded in a narrow range following the aggressive sell-off in equity markets on Tuesday. The Bank of Canada issued a dovish statement following its ‘’no change’’ rates decision,...

Opinion – Wednesday 5 December 2018

The last hour of US stocks trading is often referred to as the ‘’hour of power’’ such is the scale of moves (both up and down) often recorded by the major US Indices. Yesterday it would be better referred to as the ‘’four hours of power’’, with a large crack appearing...