The Bear Market in Equities will be Short Lived
Logically, the American stock market should correct now as earnings begin to get reported and companies are f... Read More»
The S&P500 has rallied 31% off the post-crash low of 2,192 reached on 23 March to 2,875.
S&P500 Price
Source: Bloomberg
This is interesting, and i... Read More»
The multiple stimulus policies announced worldwide are all very interesting.
Still, what counts most in the short term is the progress of the Coronavirus thr... Read More»
The Coronavirus continues to dominate the narrative with the lockdowns imposed by governments leading to a dramatic decline in activity.
Still long after the... Read More»
Amidst the current volatility in markets, it needs to be remembered that stimulating economic activity is directly at odds with the steps required to slow the e... Read More»
It is my view that cutting interest rates is not appropriate for fighting an epidemic.
But, unsurprisingly, this has not stopped the Federal Reserve cutt... Read More»
The Coronavirus has continued to drive market sentiment with the S&P500 testing its late 2018 low last Thursday (see following chart).
So long as the... Read More»
The coronavirus newsflow continues.
But the focus of concern has switched dramatically from Asia to Western Europe and North America.
The base case remains ... Read More»