IIFT Daily Note with Peter Brown

Archive for September, 2017


Steady as she goes.

Posted by:  |  Time: 7:36 am  |  Topic:
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test2

Good Morning

As expected yesterday just a bit too slow for us. We did not reach any of the support or resistance points on the DAX in the morning or the S&P in the afternoon. More of this is good provided we get a bit of volatility to match.

So Continue Reading →

TAX plans outlined, what chance of implementation?

Posted by:  |  Time: 7:29 am  |  Topic:
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Good Morning

A big day all round even if the price action in the afternoon was a bit crazy. It was all about the tax reforms which were long on promise and short on detail. The tax reforms as outlined are very stock market and dollar positive and eventually the Continue Reading →

Will Trump TAX plans be nonsense!

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Good Morning

A big day ahead today, the Trump tax plan details are expected and that should add some oomph to the market. No idea of the details so the headlines should cause the initial move. That will be later in the day after markets close but we are anticipating Continue Reading →

Bad reaction to the German election.

Posted by:  |  Time: 7:28 am  |  Topic:
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Good Morning

It turned out to be an interesting market after a very quiet start. Euro was lower on the back of the German election but late on the equity markets sold off on headlines from Korea. There was also selling on tech stocks but that was due to individual Continue Reading →

European markets starting off soft.

Posted by:  |  Time: 7:27 am  |  Topic:
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Good Morning

Well, Friday did not turn out to be a down day as I expected. The Korean situation is having absolutely no effect on markets. The big news over the weekend was the German election and Merkel won, the big surprise was the far right taking third place. I Continue Reading →

Korea back in the spotlight.

Posted by:  |  Time: 7:33 am  |  Topic:
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Good Morning

It was a very calm market yesterday following the Fed comments from Wednesday night. It looked like the market was going to ignore the rate rise predictions and the balance sheet adjustments. Janet may well want to tighten and normalise rates but the market does not think she Continue Reading →

Janet speaks, now what will the market do?

Posted by:  |  Time: 7:26 am  |  Topic:
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Good Morning

It was all about Janet yesterday and although she was exactly as expected she did bounce the dollar. Basically, Quantitative Tightening will take 10 billion out of the market per month starting in October, then increasing by 10 billion every three months, up to a maximum of 50 Continue Reading →

FOMC the big event.

Posted by:  |  Time: 7:20 am  |  Topic:
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iift-email

Good Morning

The market was as expected yesterday slow and stable, so we await the Fed outcome this evening. Indeed any of the data releases ahead of that including Oil Inventories, are not likely to have much effect and therefore not a straddle event.

I fully expect Janet Yellen to Continue Reading →

‘Quantitative Tightening’ the new buzz word.

Posted by:  |  Time: 7:33 am  |  Topic:
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iift-email

Good Morning

It is great to be back and many thanks to Niall for his fantastic blogs over the last two weeks.

This market looks pretty simple to me. We await Janet Yellen tomorrow night and her plans on ‘Quantitative Tightening’ the new buzz word in the market. Basically, she Continue Reading →

Quick Update

Posted by:  |  Time: 7:56 am  |  Topic:
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Good Morning All,

Just a quick update for you today as there is little change from Friday. Peter will be back writing here tomorrow….

The main point to note today is that the US Indices showed real bullish power breaking even higher on Friday despite NK having sent a Continue Reading →

Bobble Heads

Posted by:  |  Time: 8:02 am  |  Topic:
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Kim Jong-un Collector Bobblehead Figurine s-l225

Good Morning All,

(Niall here filling in for Peter who will return next week)

This might be my last note for a little while so keep in touch by email if you wish at noconnor@iift.ie

If you are live trading you might be eligible for some free trading support so let Continue Reading →

Straddle Day

Posted by:  |  Time: 8:00 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter who will return next week)

Well today will be an interesting day which I will get to in a moment. Just to look at yesterday first, the day went pretty much as expected. US and German Indices continued to be subdued with Continue Reading →

A,B,C, S&P

Posted by:  |  Time: 7:21 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter who will return next week)

Not a great deal to discuss this morning as most markets most markets were subdued due to lack of significant news. Majority of these markets moved in the direction expected however due to the lack of movement Continue Reading →

Calmer Conditions

Posted by:  |  Time: 7:33 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Back now from a nice break in Achill where conditions were changing from Sun to Hurricane every 10 minutes.

Markets thankfully have been a bit more Sunny looking than hurricane the possible Hurricane moves that could have come Continue Reading →

Not So Mighty Dollar – (No Note on Monday)

Posted by:  |  Time: 8:01 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Please note that there will be no Commentary on Monday as both myself and Peter will be away. He will still be out with the speedos sunning himself sipping on Pina Coladas while I get pelted with wind Continue Reading →

Predictable vs Unpredictable Moves

Posted by:  |  Time: 8:00 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Yesterday we had an improvement in market sentiment and most markets appeared to have stabilised since the NK issues over the weekend. This has been the case in the past and a recovery of the falls was always Continue Reading →

Bears win!

Posted by:  |  Time: 7:03 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Over the years that Peter has taken holidays we have had some big moves in the Markets as if they have been waiting for him to leave before they make their move. This is not necessarily going to Continue Reading →

Red or Black….or Green?

Posted by:  |  Time: 6:55 am  |  Topic:
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iift-email

Good Morning All,

(Niall here filling in for Peter for 2 weeks)

Well the fundamental element of the markets today is not exactly clear cut. Yesterday was another cautious Monday following more of North Korea’s missile testing. If we get negative sentiment like that it is best to step in Continue Reading →

Batten down the hatches

Posted by:  |  Time: 6:57 am  |  Topic:
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iift-email

Good Morning All,

Niall here, posting now for the next 2 weeks. As many of our longer term readers of the Daily Note know this is the time where Peter puts away his charts, packs up his speedoes and heads for warmer climes.

I will be adding my own twist Continue Reading →

NFP today the big event.

Posted by:  |  Time: 7:22 am  |  Topic:
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iift-email

Good Morning

The contrast between the US markets and the DAX is very strange. The US is powering ahead and we have NFP later today. The US economy is strong without inflation, so the dollar is steady and conditions are perfect for an attack on the all-time highs.

The European Continue Reading →