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
Tag: usd/jy
Market Commentary With the Nasdaq and S&P 500 making new highs last week (with the Dow noticeably lagging), investors are demonstrating their unbounded belief in the future. Long-term readers of my WW will know that I believe it is sentiment alone that drives
Market Commentary What a terrific week for we merry band of stock bears! The Dow plunged by over 600 pips on the week – and my other two trades in gold and EUR/USD similarly went the right way. The critical point is that
ANNOUNCEMENTS I will be holding an intensive 2-hour trading workshop at the London Money Show on Saturday 8 November. Full details here. In one or two weeks, I shall be changing the format of my blog and introducing an exciting new service in conjunction
ANNOUNCEMENTS I am giving a MoneyWeek trading masterclass at the London Money Show on Saturday 8 November. I shall be showing how to trade my five favourite trade setups with lots of current examples. Don’t miss out – there are lost of excellent speakers
I read everywhere that stock markets are climbing a Wall of Worry. So many pundits in the media have been calling for a sharp reversal, which is encouraging the bulls to call this the most hated bull market of all time. Oh
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be
My publishers have generously allowed readers of my blog to buy my book for a special introductory price of £15.00 + p&p (for the paperback) or £12.50 (for the ebook). Please enter code TTPB2014 for the paperback or TTEB2014 for the ebook. The correct price will be adjusted
Last week saw an extremely rare event – a negative number for Q1 US GDP ‘growth’ – down a staggering 2.9%. And because stock markets are in the late stages of a bull market, it was shrugged off with rationalisations such as ‘it was
Stocks closed the week at another new high. Of this I am certain: we are getting closer to the top! And it can come at any time with bullish sentiment pushing into the stratosphere, valuations at crazy levels, but trading volumes remaining weak. In
