Opinion – Wednesday 30 October 2013

US Equities again rose to new highs yesterday as earnings from Pfizer to Xylem beat estimates and data indicating slower growth again fueled bets that the Federal Reserve will maintain stimulus with no tapering. The S&P closed up another 0.6% to 1772 for its...

Opinion – Tuesday 29 October 2013

The S&P rose again yesterday leaving the Index poised for it’s best annual gain since 2003 as weaker than forecast economic data fueled bets that the Federal Reserve will maintain stimulus at it’s two day meeting which gets under way later this...

Opinion – Monday 28 October 2013

The major US stock indices all close up 0.4% on mixed volume with most sectors netting gains, the exception being healthcare which closed lower. All eyes will be on Wednesday when the latest FOMC meeting concludes however there is no expectation of any change to QE...

Opinion – Friday 25 October 2013

US Equities rose again yesterday putting the S&P three points away from a new record as corporate earnings beat estimates and signs of slower economic growth fueled bets that the Federal Reserve will maintain stimulus until well into next year. The Dow for the...

Opinion – Thursday 24 October 2013

Equity markets ended the day on the defensive as the effects of the People’s Bank of China refraining from adding funds to the money market early yesterday morning caused interest rates to rise to their highest level since July.The Dow finished down 0.3% whilst...

Opinion – Wednesday 23 October 2013

The September Payrolls Report underwhelmed the already subdued market expectations, the upshot of which is that expectations for QE Tapering not commencing before March next year have been further enhanced. Despite a 9k net upward revision to the July and August...