It’s what said.

July 12, 2019 A new day a new record for the S&P 500. What more is there to say?   And we can all thank Powell. Powell’s comment has left the U.S. market in no doubt that a rate cut is due and due shortly.

What’s said.

July 10, 2019 Everything hinges on Powell and what Jerome says later this week. Stocks were higher and investors are lined up as we wait for this week’s central bank gabfest. Bonds were relatively quiet on the day.

Reality bites.

July 9, 2019 Returning from the 4 July break, investors have a bit to think about. Trade news. Jobs report. The looming testimony by Powell to Congress. Traders are now banking on a rate cut of smaller proportions.

Start the engines.

June 17, 2019 Is it time to reset market view? Maybe. Markets are now set for a period of volatility should they wish to follow every comment Trump makes. Trade is definitely being affected and with it, markets.

The sugar hit.

June 14, 2019 The sugar hit is an easing or rather an expected easing and the Fed is now being bullied into a corner by stocks, bonds and no doubt a dissatisfied president who has been tweeting for a rate cut.

In his head.

June 13, 2019 Right now China must be thinking, what is next? How do you meet a deadline when the only person who knows is Trump? In a somewhat fragile market, optimism is on the wane. 

Summer days.

June 12, 2019 The market is range bound and buyers are becoming scant. For sellers, the game is just as hard because if no one wants to buy, who do you sell to?

Topsy turvy world.

June 11, 2019 For all the reasons that markets have been uneasy, a weight has been lifted. Well, let’s say there is some hope. The good news is that perhaps the U.S. can reach an accord with Mexico.

Mighty words.

June 5, 2019 With a single sentence Powell saved the day. The Fed Chairman said he was open to rate cuts and after being bullied by the bond market rally, the scene was set for a spectacular rally in equities.