August 14, 2018
In yet another round of disappointment, the Turkish Lira and the Turkish market look set for further falls.
August 13, 2018
Treasury receipts of $225 bn in July were down $7 bn compared to last July. Corporate revenues declined by $4 bn, remittances from the Federal Reserve declined by $2 bn, and individual income and payroll taxes declined by $1 bn.
August 10, 2018
The market is shaping up for what can best be described as "we've been here before". The bond markets rallied on trade concerns whilst the equity market softened as a result of the rhetoric and trade concerns.
August 9, 2018
For the markets, the prospect of tariffs once again raised its head. The equity indices were on track towards hitting a new high and 5 days of positive increases (not seen since February) only to roll over towards the close and finish slightly weaker.
August 8, 2018
Much of the day’s market noise was more a relief that the rhetoric between China and the U.S. was less adversarial. For the equity markets, the big surprise of the day was one that was very forgettable for the large shorters was Elon Musk’s comment that he was going to take the company, all $82 bio, private.
August 7, 2018
Equity markets appear to be shrugging off all the rhetoric relating to trade and powering ahead.
August 3, 2018
It’s just a number, but wow what a number. Today Apple became the first U.S. stock to hit the magical $1 trillion level. Let me write it out for you, 1,000,000,000,000,000,000.
August 2, 2018
Once again trade tensions bubbled up to the surface and loom large as having a possible impact on global growth. China is wailing that the U.S. is trying to blackmail them into trade submission and are rallying to impose tariffs shortly.
July 31, 2018
As summer draws towards a close and traders pine for some summer holidays, markets in some way feel lugubrious, tired and sleepy.