Treasury yields edged higher on Friday. The US Treasury Secretary has flaunted the reflation potential of fiscal stimulus. There is little (‘intellectual’) opposition to Bidenomics, with FOMC chair Jay Powell…
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Stock markets are betting that vaccines together with a new US stimulus injection will be the shot in the arm needed for the global economy. The data from Israel is…
The market focus has all been on GameStop this week and the short squeeze on hedge funds. A number of high profile hedge funds were burned by the rise in…
Biden loves big tech. That was the market’s response to the inauguration of the 46th US president. Ultimately, the ability of the stock market to hit new highs will depend…
As Job Biden prepares to take over at the White House, there are several reasons to be concerned. Firstly, the US went into recession with a Federal budget already deep…
The 10-year Treasury yield rose to 1.13% last week, ‘despite’ the political disturbances in Washington. There was no flight to safety, pushing yields down, just a realisation, that more, not…
The year ends much as it began. For the stock market, is almost as if Covid-19 had not happened. Tech is in the ascendency. The FAANGs are threatening new highs….
Daily new infections for Covid-19 reach a high in the US on Friday (254,680, December 18th). And yet, the stock market continues to march upwards. The information technology index hit…
Spiralling infections and record deaths in the US pose a big hurdle for markets. The winter months were never going to be easy, given the complete disregard for social distancing…
The number of daily new cases for Covid-19 has fallen by more than half from the peak in the UK. The national lockdown has broken the back of wave 2,…
