Regular readers will know that we have been riding these majestic waves ever higher in commodities – from crude oil to coffee to soybeans and more – from the lows almost exactly two years ago. And now the long-anticipated invasion of Ukraine by Mr Putin has occurred – and my question is this: have we reached the terminus of the Putin commodity train.
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note – and vice versa. Experience and history
As stock market bears gasp in disbelief, the Dow powered into even higher highs in the scorching post-Christmas rally yesterday. Does something smell fishy to you about this stunning move? It certainly did to me – until I discovered who the big buyers are. And
January was a record-breaking month for shares (but not all) – just as was December, but in the opposite direction, of course. If you had taken a vacation in the winter sun in those two months you would have asked what all the fuss was
Last time I asked if anyone had seen Santa as markets were in a tailspin a week or so ago. The bulls were in dire need of a Santa Rally alright. And a day late, someone told me he thought he saw him briefly on
I do not usually comment on political matters as this is outside of my remit – unless there is a clear market impact as there was on Thursday with the latest Brexit twist. Some cabinet ministers resigned over the plan and that hit sterling hard.
Now that the Dow has plunged by 2,000 pips in a matter of eight trading days and has met a major trendline (as has the Nasdaq), it has entered a very tricky phase (for short term traders, that is). There is little doubt that the