Tag: iron ore
Stocks are powering higher and climbing their massive Wall of Worry – and my question is whether the Great Disruptor’s Mexican Wall will stretch as high if/when it ever gets built? So far, the market is avidly ignoring the ‘political risk’ that looms large in
Remember when bad news was good and vice versa? When an utterly dreadful set of US economic data was released (a pretty common occurrence last year), investors cheered – and drove stocks ever higher. The thinking was that the Fed would then be moved to
Yes, silly season has kicked off so I thought I would offer a few market curiosities. You read the headline right – is it possible that the most hated commodity on earth – bar none – is in a roaring bull market? We have all
Long time readers of mine will know that the ‘fundamentals’ do not drive the market. It is purely aggregate sentiment that moves it. Yes, a ‘shock’ report may give it a kick (such as the Brexit hit to sterling), but markets move in waves that
It looks like the event I had forecast will come to pass very soon – the UK will get a lower policy interest rate (and that justifies the carnage in sterling). There is talk that the announcement may arrive by the end of next week.
