Turkey Does It.

August 14, 2018 In yet another round of disappointment, the Turkish Lira and the Turkish market look set for further falls.

Let’s Be Sober.

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.

It’s a Merry-Go-Round.

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.

Tariffs Again.

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.

Back to the Future.

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.

Who’s Afraid Now?

August 7, 2018 Equity markets appear to be shrugging off all the rhetoric relating to trade and powering ahead.

It’s Just a Number.

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.

Let’s Talk About Trade.

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.

Tired Market? Perhaps.

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.