Opinion – Friday 24 March 2017

It seem that every week the market is waiting for an important event to happen which will finally get prices to move in most asset classes. Yesterday the whole focus was on the Health Bill in Congress and less than an hour before US Markets closed it was announced...

Opinion – Thursday 23 March 2017

Have markets broken up with the Trump trade? Today will be a key test of this hypothesis with the US Congress voting on a key Healthcare Reform Bill which is seen as a crucial test of the relationship between the White House and Congress. If the bill does not pass,...

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...