The Thanksgiving put.

November 21, 2018 Intriguingly, this holiday season is shaping up as being rather important for the psyche heading into 2019. Robust sales will help ease October’s pain at a time when many expect further rate hikes.

Can you hear the drums?

November 21, 2018 For credit, the big concern now is the indebtedness of companies and this is something the regulators cannot control. GE is also causing a massive disturbance in the credit markets.

Lemon crumble anyone?

November 20, 2018 Politics is certainly helping to shape the market outlook and elevated concerns are reshaping market sentiment. Stuff that was once sweet fruit is now becoming sour like lemons.

Future shock.

November 16, 2018 Trade talks between the U.S. and China appear to be providing some hope of a resolution after it was announced that the U.S. would pause some tariffs that were due to be implemented.

All in a day.

November 15, 2018 Investors are worried that global growth may have peaked at a time when the 3 major central banks are either tightening or simply not purchasing bonds and liquidity is tightening.

Catalyst for change.

November 14, 2018 The U.S. midterms may have proven to be a catalyst for change. Trump appears to have been spooked by the results. The barometer that he wishes to be judged by, the stockmarket, has slipped badly.

Lines are drawn.

November 12, 2018 Investors are concerned that the Fed will continue to slowly hike rates at a time when prices are peaking. They will also have to contend with attention being directed towards the growing deficit.

Lame duck.

November 8, 2018 Trump warned that if he did not win the Senate and the House, stocks would fall. Stocks had a nice rally and bonds were steady. Why? For everyone, the uncertainty of elections has been removed.

Bargains galore.

November 6, 2018 2018 looks set to deliver the lowest share of positive returns across 17 asset classes since 2008. Investors will have wins in just two classes, cash & oil.  Treasuries & credit still remain green.