Opinion – Wednesday 22 March 2017

The US Equity market had its worst trading day in nearly five months with both the Dow and S&P registering substantial Downside Key Day Reversals yesterday by closing down 1.14% and 1.25% respectively. Stocks closed lower and while it hasn’t been any key economy...

Opinion – Tuesday 21 March 2017

Yesterday was one of the quietest trading sessions of the year to date with the market closing more or less unchanged from where it closed on Friday with the US Dollar and Treasury yields in retreat. It has been something of a variation on a theme with the US Dollar...

Opinion – Monday 20 March 2017

R.I.P. Chuck Berry. And R.I.P. anti-protectionism, after the weekend G20 meeting Communique omitted reference to avoiding protectionism, reflecting the new reality of the USA’s position. This turns the spotlight firmly on the formulation of U.S. Trade Policy in coming...

Opinion – Thursday 16 March 2017

Three remains the number of times the Fed thinks it will most likely raise rates this year in total, and again in 2018. Together with the absence of any reference to when balance sheet shrinkage might commence (either in the FOMC statement or in Janet Yellen’s press...

Opinion – Wednesday 15 March 2017

What was meant to be a quiet trading session ahead of key risk events (US FOMC and Dutch elections today) turned out to be rather more exciting. The WTI Oil price fell 1.4%, on the back of an OPEC report that stated Saudi Arabia increased oil production in February...

Opinion – Tuesday 14 March 2017

Yesterday was a quiet trading session with markets essentially marking time ahead of key risk events tomorrow and later in the week. 10y US Treasury yields are back above 2.60% with long dated corporate issuance seemingly a key driver and after being on the back foot...