Today’s chart comes from Bespoke Investments and tracks the current year to date (YTD) performance of nearly 80 equity markets around the world, in a heat map fashion. The so-called BRICS are highlighted in blue, whilst G-7 nations are boxed: A word of caution. These figures are not adjusted for inflation – check out the
Macro Wrap After the Chinese GDP “miss” on Friday, the dataflow that night comprised two tranches: some European industrial production and inflation figures and US consumer figures, including CPI and sentiment, before a speech by Fed Chairman Ben Bernanke. German CPI was bang on consensus – 0.3% for March , 2.1% year on year
So where have the markets gone this week? Past the daily noise and headlines, this weekly chart heavy post will examine the major markets (debt, commodities and currencies) with the Australian investor in mind. Well its been another very interesting week on macro markets, I think summarised best by Tyler Durden at ZeroHedge: Oh if
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published Saturday morning, to put these events and ideas in context. In a
Macro Re-cap US jobless claims jumped by a “surprising” 13,000 to 380,000 to a new two-month high, which didn’t spook markets – just the economists who got their models wrong, again. Alongside this usual weekly data flow, the US trade balance figures came out, with the persistent trade deficit contracting by 12% to $46 billion
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published Saturday morning, to put these events and ideas in context. The S&P/ASX200 finally put
Macro Re-cap It was bond auctions and whispered assurances from central banks (and probably some short covering) that settled risk markets, with most stocks up across the EU and US bourses. ECB Board member Benoit Courie said current conditions in Spain were “not justified”, which saw yields bounce back after touching 6% on speculation of
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published Saturday morning, to put these events and ideas in context. The S&P/ASX200 closed down
In my regular weekly update and analysis of major macro markets – Trading Week – I always include the VIX. What’s the VIX you say? From Bloomberg: The Chicago Board Options Exchange Volatility Index reflects a market estimate of future volatility, based on the weighted average of the implied volalities for a wide range of
Macro Re-cap The risk markets were slammed hard last night as the debt crisis in Europe emanating now from Spain and slow pace in US earnings gave investors little hope. The only market moving data was US wholesale trade for February, which surprised on the upside slightly, whilst Redbook retail sales – whilst positive, slipped
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. The S&P/ASX200
Macro Re-cap The Easter long weekend lent itself to some volatility, with a key economic release completely underwhelming on Friday, before US markets closed for holidays. The Non-farm Payrolls number was expected to come in at 201,000 jobs created, continuing the weak, albeit positive recovery in the US Job market, however the number printed at
Cross posted with permission from Trend Trader’s blog here: Inspired by reading Professor Steve Keen’s book on ‘Debunking Economics’, this is a first pass at quantifying what many call the ‘herd’. Understanding herd mentality/crowds/group behaviour is a cornerstone to successful investing. In my (slow and winding) path of development of a better toolset for analysing
So where have the markets gone this week? Past the daily noise and headlines, this weekly – very chart heavy – post will examine the major markets (debt, commodities and currencies) with the Australian investor in mind. Its a short week due to the Easter break, but let’s have a look at whats going on:
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. After
Today’s chart is timely, given the wreck in risk assets in the lead up to the Easter break. We’ve pointed this out before, as the correlation is fairly – well, its bloody obvious really. It is Quantitative Easing (QE) and the Long term refinancing operations (LTRO) – fancy terms for what is really about injecting
Macro Re-cap With the Fed Reserve taking away the punchbowl on further stimulus, and no further cuts to interest rates from the ECB overnight, markets were spooked by the very poor Spanish bond results. The auction – in an “extremely difficult” time according to Spanish PM Rajoy, was not very successful, getting just over the
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. The
Overnight News and Data Releases All eyes were on the US Federal Reserve meeting minutes (reported here by Houses and Holes), but beforehand, the European Union released its monthly Producer Price Index (PPI). Consensus was looking for only a 0.5% rise, but it came in at 0.6%, with year-on-year also higher than expected at 3.6%.
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Again,
Markets had a bullish session last night, particularly Europe, even as the PMI data underwhelmed, except in the UK, it was US manufacturing data that also buoyed markets. Let’s have a look at the details of what happened. Remember to read my weekly analysis of all major macro markets in Trading Week to put this daily noise
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Forgive
Markets had a mixed session on Friday night, with European bourses reacting positively to the raising of the bailout “firewall” to 800 billion Euros, whilst US markets swallowed mixed data. The news de jeure (or de weekend) was the release of official PMI statistics in China, which showed manufacturing is improving, contrary to the “flash”
So where have the markets gone this week? Past the daily noise and headlines, this weekly very chart heavy post will examine the major markets (debt, commodities and currencies) before analysing the Australian stock market – the ASX8 (top four banks and top four miners, plus a few others that raise their heads..) Its the
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. End
Markets had a bad session last night, as European bourses reacted to a likely UK recession, although German unemployment numbers were very good, but also the EZ bailout package to be doubled, plus a worrying sign in rising Spanish and Italian bond yields. In the US, Q4 GDP numbers were confirmed, as jobless claims fell
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. Did
Once more, there were 2 major data/news/comments that potentially moved markets last night, instead of being crutches for financial journalists to hang noise on. First, a very disappointing UK GDP print, which has the Mother Country teetering on recession, and actually “stagflating” for the last year and a half. Next, although durable goods orders in
Trading Day covers the relevant moves in the Asian stock, commodity, debt and currency markets including a review of the top 8 Australian stocks – the top 4 miners and banks, highlighting trading ideas and investment opportunities. Remember to read “Trading Week“, published each Saturday morning, to put these events and ideas in context. A
There were 2 major data/news/comments that actually moved markets last night, instead of being crutches for financial journalists to hang noise on: the OECD telling the Europeans to bolster their bailout fund, and US consumer confidence at 70.2, below expectations at 70.9 but still elevated. A small Italian debt auction and the release of the
