Monday Blues

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Overview: Despite the pre-weekend gains that lifted the S&P 500 above its 200-day moving average, global equities are moving lower today.  The main news over the weekend included the US renewing its threat to impose more tariffs on China and Saudi Arabia threatening retaliation for any sanctions relating to the disappearance of the journalist Khashoggi, and the… Read More

Forces of Movement

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There are three broad forces of movement in the week ahead:  the equity market performance, political developments, and economic data.   It was a tumultuous week for equities, and there was not clear or obvious trigger.  With US bond yields and equities trending higher this year, there does not seem to a reason why it ended… Read More

Constructive Price Action Leads Technicals

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Turmoil in the equity market helped spur the technical pullback in the dollar we anticipated.   The greenback finished the week on a firm note as equities stabilized.  The technical indicators, which signaled the likely correction, have not turned in the dollar’s favor, but the price action itself was more constructive.  Dramatic equity market losses weighed… Read More

Market Fever is Burning Itself Out Ahead of the Weekend

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Overview:  Equity markets are stabilizing today as Asian and European markets shrug off the failure to get traction in the US yesterday.   As everything and nothing was behind the dramatic sell-off in recent days, the same could be said about today’s recovery.  Most accounts seem to be emphasizing two developments:  a report indicating that despite the… Read More

Mining Stocks Facing "Significant Risks", say Analysts

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Morningstar analysts still see significant risks for the miners and think the stocks overall are overvalued. Buoyant commodity and share prices do not reflect the inevitable shift in China’s economic growth towards less commodity consuming activities, and the market has taken too much comfort from the stimulus-fuelled recovery. The underlying sources of instability – poor… Read More

Equity Swoon Takes Spotlight, Pushes Dollar to Backfoot

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Overview:  There is one story today, and that is the sell-off in global equities.  Although the narratives put the US at the center, the fact of the matter is that US equities have been among the best performers this year, despite the rise of interest rates and a President that is not above criticizing the central… Read More

Macro Cheat Sheet

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Here is a succinct four-bullet summary of key considerations behind five currencies:   USD: Rising US rates in absolute terms and relative to other countries, coupled with the policy-mix and US tax reform are the main drivers. The market has nearly completely discounted three more Fed hikes by the end of next year, while the Fed has… Read More

5 Best and Worst Top-Rated Trusts in Q3

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The globally focused Edinburgh Worldwide (EWI) continues to make impressive gains, powering to the top of the best-performing investment trusts table over both the year-to-date and the third quarter. Elsewhere, healthcare trusts also served investors well, while Russia was the best-performing stock market in September, meaning JPMorgan Russian Securities (JRS) jumped up the tables. Trailing… Read More

Should You Buy Royal Mail Shares?

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Royal Mail (RMG) shares are trading at a low not seen since the delivery service’s initial public offering five years ago after a Monday-afternoon profits warning. The update by new chief executive Rico Black was released at 3.27pm on Monday and saw the stock price immediately plummet 20%, before a further 10% fall in Tuesday… Read More

Emerging Markets: Cheapest Stocks in 12 Years

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Emerging market stocks are so cheap, “there is blood on the streets”, so says Carlos Hardenberg, co-founder of Mobius Capital Partners. In a few years’ time, investors will look back on today as “a very unique time to get exposure to these vibrant economies and underlying companies” at multi-year low valuations, Hardenberg adds. Trade tariffs,… Read More

Bannockburn Global Adds Leading Currency Strategist in Marc Chandler

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Bannockburn Global Forex, LLC 312 Walnut Street, Suite 3580 Cincinnati, OH 45202 Contact:  Mark R. Wendling (513) 386-7400                         [email protected] FOR IMMEDIATE RELEASE September 17, 2018 Bannockburn Global Adds Leading Currency Strategist in Marc Chandler CINCINNATTI, OH – Bannockburn Global Forex, LLC, a foreign exchange solution provider, is pleased to announce that Marc Chandler will… Read More