Despite the robust US economy, the market’s prime concern remains when and how quickly the Fed will ease interest rates. What if they don’t? We’re heading into a new normalised post GFC interest rate environment, and long-term higher rates will be a good thing!
Nvidia? Meta? Apple? and Tesla? Time for a rethink on when it comes to global stocks. The Magnificent Seven is now the Fab Four… Telsa is definately out the Game. I wonder who will eventually buy it?
Labour will win the coming election – if they don’t do anything stupid. Tory MP’s futures look bleak after their singularly unsuccessful 14 years in power. Such is politics: voters send failed politicians packing. It’s called democracy. Understanding why the Tories will lose is key to the effect on the UK's outlook.
Boeing desperately needs to get it right. Over the next 20 years, global demand will be around 35,000 new aircraft. Supply is currently a duopoly of Boeing and Airbus. To avoid it becoming an Airbus monopoly (bad for everyone), Boeing’s new management need to completely reset the firm and focus back on fundamentals – which are people rather than numbers driven.
Stocks are taking a breather this week after a succession of successive record highs. With the Fed now deep in QT, how can the market be rising when liquidity is supposed to be tighter, and underlying conditions tougher? Somethings just never make sense…
Assets Managers have gone quiet on ESG and Sustainability, under pressure from sceptical money and investors bored by climate change. That doesn’t mean the problem has gone away. The risks and the consequences for markets and prices remain enormous.
Apple has been accused of the capital crime of being Apple! Can it survive? Historically.. the state never loses. What did Apple do wrong? Design? Profitability? Competitiveness? Business acumen? It’s yet another case of Capitalism eating itself.
The unaffordability of housing and rents is a warning the West is heading for a Crisis of Inequality. While the rich get richer on booming markets, workers increasingly struggle with debt, taxes and accommodation – something has to give.
Nigeria is under attack by cryptocurrencies, says the Government. The Naira has collapsed as locals flee to Bitcoin and Tether – where “crypto-predators” are scamming them. Is this the future? Could it happen to the dollar market as the global economy de-dollarises, leaving a monetary vacuum? What will it mean for the mighty Treasury market?
It’s a big week for Central Banks: the BOJ on Tuesday, The Fed on Wednesday and the BoE on Thursday… but none of them are set to ease rates (the BoJ might even hike). It’s a very different market to what traders expected earlier this year. This is becoming the Year of Normalisation.
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