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Despite Friday’s impressive rally, the S&P 500 was still down 5.1% during January. Five sectors outperformed, and five underperformed as follows: Telecommunication Services 5.5%, utilities 4.9, consumer staples 0.4, energy[…]
Central banks have been very supportive of the bull market since 2009, providing exceptionally easy monetary policy to facilitate economic growth. Near-zero interest-rate policies and quantitative easing programmes have worked[…]
Equity markets have started the new year wrong footed by several developments. First, China’s weak December official manufacturing PMI (Purchasing Managers Index – compiled by the China Federation of Logistics[…]
There are rumours of more QE for Euroland, but would it actually be a benefit?
The (latest) Asian trade and financial market slump can be seen as part of a longer term process of rolling credit booms and busts that began in the mid-1980s. Back[…]
From early February to mid-August, the S&P500 traded in a narrow 110-point range. Following the devaluation of the yuan and the increase in market nervousness, the range for the S&P500[…]
For the last fifteen years, SocGen’s investment strategist Albert Edwards has been warning about a dire scenario that he calls “The Ice Age”, involving widespread deflation, exacerbated by falling currencies[…]
Although the down moves in global equity are upsetting, the key issue for investors is whether the latest fall in prices are likely to be followed by yet another relief[…]
Recent data suggest that the global economy is neither booming nor busting, though many wonder there’s been no boom given the ultra-easy monetary policies provided by all the major central[…]
In retrospect, calling an extended information communication from a central bank that hasn’t altered monetary policy in three years “Super Thursday” was always going to invite disappointment. Having said that,[…]
