Trade wars are back in the news and, once again, it is industrials that get hit, falling 1.61% yesterday, nearly double the dip in the S&P 500 (-0.86%). It is…
Read More
Technology is supposed to be the answer to climate change. But as the Amazon protests in France show, leading ‘tech’ companies could be in the firing line too. Of course,…
After an impressive run-up, semi-conductor stocks endured a modest correction last week, with the Philly Sox index slipping 2.9%. The ‘reflation’ story shifted to real estate and, in particular, housing….
The US and China are getting close to a deal – again. The stock market has duly obliged to the latest trade ‘news’, hitting a fresh high. More outlandish forecasts…
The payroll report was perfect for equities: stronger than expected jobs growth and sizeable upward revisions, but still no wage inflation. The Fed may have adopted a more hawkish stance,…
The rally in equities of recent months is not a simple by-product of lower interest rates. The resilience of the US economy in the face of persistent, so-called ‘global, macro…
The latest NAHB survey provides the strongest signal yet that housing be will be a bigger contributor to growth heading into 2020. The NAHB survey has improved because monetary policy…
It is perhaps ironic. In a week that saw clear evidence inflation is tracking well below target, and may be falling again, Treasury yields have jumped. The external risks have,…
To download pdf of this chartbook, click here To download pdf of the chartbook notes, click here
IT was not the worst performing sector yesterday, as the S&P 500 fell heavily again. Nevertheless, the 1.82% drop has helped pushed the IT sector down 2.29% so far this…
