Theory Into Practice: Not Yet

The focal point for yesterday and indeed all week was to see what the FOMC minutes revealed and for clues about rate hikes and balance sheet reduction. What they revealed was not just a dovish take on inflation, but a split in opinions. Some members wanted the balance sheet to be addressed immediately others were more concerned […]

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The Beginning of The End?

My review is early this week as I prepare for a break away from the computer and the trading desk. The iPhone will be with me however because there is something interesting going on and I want to watch it unfold. It is market sentiment. For some time we have been swept along by hype, […]

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Slam Dunking

Well, who would have thought it? The world’s major central bankers once again hogged the limelight it what seemed to be a team effort to adjust policy and save a tantrum, the tapering 2013 kind. They gathered in Portugal to ‘adjust’ their recent reasoning perhaps hoping the market would not pay too much attention. They […]

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Theory Into Practice: What Strengthening Economy?

The day started with a warning from the US inflation data. Retail, missed, core retail, missed, CPI missed, core CPI, missed. Despite this the market had the greatest confidence that Yellen would raise the rate…and she did, and it had been priced in. So the statement might have addressed what the bond market is seeing as […]

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Hung Out To Dry

What a week for politics….One step forward two steps back. How is the financial market going to deal with this…do we still have faith in the US president to bring fiscal changes as he claims a ‘victory’ over the investigation despite the Russian admissions and the sackings? Can he hold on to the presidency? Will […]

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“No Man Is An Island”

The words of the English poet Jonne Donne, back in 1624, are as relevant today as ever. As we become more globalised, as communication increases and distances reduce as a result of new technologies, events have a ripple effect around the globe and no more so than in the financial markets vulnerable as they now […]

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Pick A Number…Any Number

Yes the S&P500 hasn’t failed to surprise us again with another venture into the unknown new highs for the index. Of course, the over -valuation issue is a major concern and what we are seeing is dangerous behavior. It is a catch 22, with the VIX is at it’s low it seems safe to be […]

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The Writing On The Wall

This blog should be called, The Best Laid Plans….I returned from a short break last week to find my Telecomm company had not upgraded me as agreed, to superfast broadband but got the connection wrong…so I was downgraded to nothing! I was unable to upload my review of the week, so here it is from an […]

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Too Quiet For Comfort

You do not have to dig too deep into the internet’s wealth of economic news releases and opinions to find a myriad of warnings of too much complacency. The over valuations in equities and the extremely low levels in the VIX are casting a spookily quiet shadow over a financial market still threatened with political […]

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Mid Week Shark Bait Update

Good morning everyone. Marc dropped me a note this morning to say he is somewhere on a boat over the great barrier reef in Australia getting ready to be shark bait and if I can give you an mid week update as his underwater internet connection is not that great. 🙂 Well he is the […]

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