What a year! It is customary for market commentators and fortune-tellers such as myself offer a summary of last year’s performance. And to offer ‘insights’ (aka guesses) into what to expect next year. But I like to be different! That way, we are kept on
Since the mid-October lows in the indexes, stocks have rallied sharply on bullish expectations for 2023. These have been based partly on what the Fed may do to temper their rate hikes on the back of falling inflation. This new-found optimism from the depths of
The bond markets have been receiving a little more than their usual non-attention recently. Most traders/investors ignore them and the vast majority of MSM financial coverage is still directed at shares. After all, shares are sexier and bonds are frankly pretty boring. The usually totally
The strong bear market rally in stocks continues – but is on over-borrowed time. We may or may not be there yet, but are getting much closer. One of the signs of an end to a second wave bear market rally is that bullish sentiment
I am sure I am not the only one who is wide-eyed at the strength of the stock market rallies over the previous six weeks or so. From the depths of the intense gloom surrounding markets in mid-October to the almost euphoric stance of the
The Dow made a major low on October 13 at 28,600. Since then it has rallied to 34,000 – a gain of 5,400 pts (almost 20%) in just five weeks. That is a very sharp rally. And that is exactly the kind of rally we
Last week the Fed followed market rates and hiked by 75 bps and indicated more to come to ‘fight inflation’ and stocks fell. Then the CPI data dump on Friday cancelled that idea with a soft headline figure and bond yields and the dollar fell
The social media phenomenon was a child of the Great Bull Market and appears to be in terminal decline as the Great Bear Market gathers pace. The problems being faced by Facebook, Snap and many others are now coming to light with Musk’s buy-out of
Look at that – can the Dow really be at 32,950??? The UK gilt and sterling market banker bigwigs seem to be happy that one of their own (by sheer coincidence an ex-Goldman banker) Sunak is now at the helm. But I am not so
Liz who? Was she just a Will -o – the – Wisp that was cancelled by the establishment blob as if she wasn’t there? So now the way is clear for the Return of Boris (for the Second Coming?) And to an almost certain economic
Did you hear that rattle? That loud noise was the same one as before – cans being punted down the road. And that screech of squealing tyres was the sound of U-turns being performed by the government. So the laudable small government, low tax, high
It was really no contest – Biden against the oil market and OPEC’s dominant role in it. Biden desperately wants cheaper gas (petrol) so that his poll ratings can improve enough to produce a Democratic win in next month’s mid-terms. But OPEC wants the oil
