And especially in the Chinese markets (and also the Dow – see below). Latest data out of China appears to be dreadful and the MSM have jumped all over it with headlines such as this from the Telegraph: China faces an economic perfect storm –
Category: Follow My Trades
That strong advice was given by a tipsy Bette Davis in the classic film All About Eve (1950) in a scene where she and husband are throwing a lavish party. And as an established major actress, her career was heading downhill before she got the
Thursday was a pivotal day in the ebullient financial markets. The Dow had made a record-setting 16 consecutive up closes in the US trading sessions up until Wednesday – but then ran into a brick wall and closed lower on the day. And the S&P
With the US earnings season about at an end, there have been many ‘beats’ with banks at the fore. Here is the daily chart of the venerable JPMorgan Chase bank shares The decline off the November 2021 ATH is in a clear five impulsive waves
The Nasdaq is within about 1,000 points (6%) away from a new ATH. The S&P 500 is within 300 (also 6%) pts away from its ATH. The Dow is 2,500(7%) pts away from its ATH. But the Russell 2000 small cap index is a larger
Apologies to lemmings (who do not jump off cliffs), but I see this Disney-cooked fantasy as a suitable image for FOMO investors who are likely to suffer this fate. Later today the non farms report will be out and will likely start kicking the army
The July 4 Independence Day fireworks displays will light up the US skies on Tuesday – and similar pyrotechnics are now on display in the stock markets (also in France!). A slew of ‘strong’ US economic data last week lit the rocket touch-papers and sent
Today, as the Russian drama (or is it a circus?) plays out, the world stands on the edge of another transformation. And in the financial arena, the era of cheap money is ending as interest rates trend up. This is transforming the outlook for financial
Last week the Nasdaq screamed higher as FOMO investors threw caution to the wind and embraced the bullish frenzy unlocked by the promise of AI to explode growth’ shares’ earnings. But meanwhile ‘value’ shares represented by the Russell 2000 remined relatively moribund. What a difference!
Question: Do you avoid trading Sugar, Cocoa and Coffee? Is that because you ‘do not understand them’ or have no interest? Another question: If you make a good win in the market does it matter to you which market you traded? Because if it does,
What an incredible week in the stock markets. Manic melt-up FOMO buying of the AI -laced Nasdaq at the same time as this headline hit the front pages: “US corporations are filing for bankruptcy at the fastest pace since 2010″. The image of the Roman
This is a remarkable stock market is it not? It must be the most fragmented market in many decades – if not at all time. The next Big Thing is AI which has been getting extensive media coverage (rarely a good sign) – and is
