Current vaccines are likely to provide protection against severe illness from the new variant of Covid-19. First reports suggest the symptoms are ‘mild’. Valuations would appear stretched, perhaps explaining the…
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Equity markets are falling this morning on concerns over a new Covid-19 variant. For now, there is a lot of uncertainty surrounding its transmissibility and the efficacy of current vaccines….
The secular upward trend in the share of the S&P 500 market capitalisation captured by the largest companies in the US is continuing unabated. The market capitalisation of FAAMG+, which…
Concerns over global growth are weighing on oil prices, providing support for Treasuries. Alibaba sharply cut its guidance for the rise in revenues in FY2022 to 20-23% y/y, far below…
The number of payrolled employees rose another 160k in the UK during October to a record 29.294 million. Demand for labour is surging. The number of job vacancies in the…
The corporate health of US small businesses may not be as strong as the headline National Income & Product Accounts (NIPA) corporate profit figures suggest. The NFIB Small Business Optimism…
Average hourly earnings and hourly compensation data do not point to a squeeze on margins, for now. Nevertheless, the latest productivity & costs report for Q3 offered a warning. Non-farm…
