The IMF has just accepted it was wrong about the post-Brexit Armageddon predictions. After all, since the Brexit-vote the FTSE 100 is up 11%, the services sector has expanded at a faster rate, and the ONS ended up revising its estimates for GDP growth higher in the second quarter, to 0.7% from 0.6% previously. In…
As the cliché goes, timing is everything when it comes to the stock market. This is underlined by the present technical set up at Forbidden Technologies. Forbidden Technologies (FBT): Run Up To Golden Cross One of the problems with the small cap end of the stock market is the way liquidity issues can mean you…
One of my best performing investments in recent years has been Unilever (LON:ULVR). It has risen by 33% in the last year even though the outlook for emerging markets has at times appeared uncertain. However, it is those same emerging markets which provide Unilever with a stunning growth outlook. For me, Unilever’s exposure to developing…
The great divide between online and High Street retailers continues, and is something which the revamped BHS is clearly trying to muscle in on. Meanwhile Boohoo.com goes from strength to strength. Boohoo.com (BOO): July 140p price channel target It may have been the case that online retailer Boohoo.com was climbing a wall of worry earlier…
Don’t tell ze Britisch but ve really need zem… In a recent reflection on what central bankers get up to when they meet together for some rest and recreation, I attempted to explain what TARGET2 is. This is the settlements system that, since 1999, has facilitated payments between the various Eurozone countries’ internal settlement platforms.…
After today’s post-Brexit vote low for the Pound, it’s time for all the talking heads and financial journalists to describe the horrors of a weak currency. It is a pity the media is not exactly heavily populated by those who know what they are talking about, or are allowed to speak their mind… Sterling / Dollar:…
One of the attractions of investment trusts is that in many cases the managers seem to stay in place longer than they do with open-ended funds, which can result in a more consistent approach. The downside with this is that things can get a bit stale and it sometimes requires a change at the top…
Schrödinger’s Cat is out of the bag On 04 August I authored an article on these pages entitled Schrödinger’s Cat is SO Clever – about Quantum Computing (QC). Little did I know that that was the very day that a secret group of Google’s scientists chose to publish an academic paper for peer review which…
It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do. Ibstock (IBST): Above 50 Day Line Targets 200p Apparently in the world of…
Philip Hammond is giving the market a boost today. Clearly, someone in HM Treasury reckons the gilts market will stand it. ***** A call from a box at Ascot on Saturday informed me that Capita (CPI)‘s problems shareprice wise are by no means over. I was told to ignore the director share purchases last Friday…
