Traditional Markets Volatility continues in some places more than others. The tech sector, in particular, is seeing a mass effort from analysts to re-evaluate what the value of intangible assets should be. Traders had been piling into Fangs for years already without really giving much thought about what they’re buying or what they’re paying for…
In marking a year to go until the United Kingdom leaves the European Union, British Prime Minister Theresa May vowed on Thursday to keep the United Kingdom “strong and united” after Brexit. The exit is scheduled for March 29, 2019, and British trade minister Liam Fox told the BBC on Thursday that he will not…
The choppy US equity session yesterday, ultimately ending with modest losses as the tech sector remained under pressure, has been shrugged off in Asia and Europe, where modest gains have been seen. The dollar is little changed after yesterday’s gains, and bonds are mostly firmer. With the calendar effect and the approaching Easter holiday, trading enthusiasm…
After three days of violent moves and sharp intraday reversals, in a week that feels far longer than just 4 days in, even equities appear exhausted today, and have entered the slow drift into the Easter break with volatility and volume far more subdued than earlier in the week courtesy of a slowdown in the…
Sell-off in yen leads to risk appetite returning, will the USDJPY 150 pips rally continue? The dollar was one of the best performing currency yesterday as market’s confidence return as trade war tensions eased. Furthermore, North Korean leader Kim Jong Un met up with Chinese President Xi Jinping as rumored previously. Chinese state media reported…
The FANG stocks have been taking quite a beating in recent weeks. So much so that just a handful of stocks are responsible for causing significant drops in major market indices. What are the FANG stocks? That’s an acronym that traders uses as shorthand to specifically describe the following firms that, until 2018, had handsomely rewarded investors in recent years….
It’s been a roller coaster of a quarter and I don’t think that was something most people expected. After all, 2018 (or at least H1) was supposed to be more of the same in terms of synchronized global growth and still-subdued inflation. More “Goldilocks” please. But all of that changed towards the end of January when…
The Goldilocks narrative relating to the U.S. economy continued strongly into February. Indeed, the February payrolls report provided another round of good news for the American economy. Specifically, not only had job growth accelerated sharply, but there also was a modest deceleration in the year-over-year change in average hourly earnings from 2.8% in January to…
A Word on 1987 Analogies – Why Even Bother? As our friend Dimitri Speck noted in his recent update, the chart pattern of the SPX continues to follow famous crash antecedents quite closely, but obviously not precisely. In particular, the decisive trendline break was rejected for the moment. If the market were to follow the 1987 analog…
A Word on 1987 Analogies – Why Even Bother? As our friend Dimitri Speck noted in his recent update, the chart pattern of the SPX continues to follow famous crash antecedents quite closely, but obviously not precisely. In particular, the decisive trendline break was rejected for the moment. If the market were to follow the 1987 analog…
