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
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
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
As a long term investor I don’t fret too much about short term trends, so I don’t know how well I’ve done this week, or this month, or even this year. You can fret about these things too much. So you underperformed the FTSE 100 Index? Unless there is a lesson to be drawn for… Read More
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
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
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
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
Staci West is new to investing, although she has put cash aside for a number of years into savings accounts. She says: “Over the past couple of years my husband and I have been saving into a cash ISA, first to help pay for our wedding and then to finance his masters degree in cognitive… Read More
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
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 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 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
Trade between BRICS allies China and Russia has increased about 30 per cent in the first quarter of 2018, Chinese officials said. The uptick in exchange between the two economic giants will take their trade to $100 billion in 2018, Ministry of Commerce spokesman Gao Feng told reporters on Thursday. Gao said that this year’s… Read More