Global markets continued to tread with caution today as investors digested news from the Bank of England meeting that there was an unanimous vote against extending the current bond purchase. Policy makers decided that before committing to an extension, they required further information concerning future interest rates. The news was particularly surprising to investors, as…
Although it may be said that the remit of the job of editor at Spreadbet Magazine does not include a daily newspaper review, in the aftermath of the business headlines today, it may be that a regular Sleaze Watch is something which we should introduce to this publication! I will not take up too much…
One of my favourite films of all time is Back to the Future, the one in which a time machine travels back in time to the 50’s from the 1980’s and the infamous “flux capacitor” is referenced! It raises the intriguing possibility of reading tomorrow’s Financial Times today, and of course the riches that such…
At this point, what the stock market needs is a little time for reflection. And by that I mean that the market participants really need to sit back, pause, and examine the situation. As you already know, I was disappointed that the correction in June was not deeper—I was waiting for a bigger discount before…
Guest Post by Investment Contrarians You’ve got to change with the times. One point that I’ve reiterated several times is that it’s vital to deploy an investment strategy that incorporates the current market environment when determining how to allocate one’s portfolio. A great example of that has been the recent climb and rapid drop in…
European stocks have opened relatively firm this morning, printing gains ahead of Bernanke’s testament to Congress. The FTSE 100 is looking to test 6,600 once again and will likely need U.S. support later on today to establish any breakthrough. The market will be hoping for a distinct absence of any reason to sell, namely no further…
Our replacement editor who usurped me (!) at the start of this month Zak Mir pointed out yesterday the high bullish readings from the AAII survey. See here – http://www.spreadbetmagazine.com/blog/aaii-goes-into-overdrive.html Is this a sign to be cautious on the market we wonder? The last time we felt strongly about the direction we posted this piece here…
Guest post by Investment Contrarians “Impressive” is the only word I can think of to describe the moves of the S&P 500 and Dow Jones Industrial Average to new record highs last Thursday. Call it the “Bernanke bounce” if you want, but if you didn’t believe the Federal Reserve’s easy monetary policy was behind the…
Global investors remain confident in the outlook for economic growth despite their sharply decreased growth expectations for China, according to the BofA Merrill Lynch Fund Manager Surveyfor July. A net 52 percent of respondents now expect the global economy to strengthen over the next year, close to last month’s reading and up four percentage points from May’s. …
European markets remain little changed on Tuesday after UK CPI and German ZEW figures came in slightly below expectations. UK inflationary figures came in 0.1% lower than the 3% forecast. With slowing inflation here in the UK, this could leave more room for the Bank of England to maintain its accommodative monetary policy. Tomorrow the…
