IIFT Daily Note with Peter Brown & David McWilliams

David’s Daily Note – The Big Short?

Posted by:  |  Time: 10:58 am  |  Topic:
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Daily Note – The Big Short?

The big short?Summary:

The Premiership and the bond market

Eurozone: German confidence accelerates

United States: Durable goods rebound

The Week ahead: FOMC to the fore

Good morning.

Hope you had a good weekend. Thank God the awful Premiership will be over soon and Continue Reading →

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Another week about Greece and earnings.

Posted by:  |  Time: 6:35 am  |  Topic:
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Commentary:

We are likely to be dominated by Greece again this week, especially for European trading. The DAX is about 600 points below fair value and that is totally due to Greek worries. There is a trade here when we get a resolution but in the meantime rallies will be Continue Reading →

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David’s Daily Note – Greece Again

Posted by:  |  Time: 12:24 pm  |  Topic:
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Daily Note – Greece Again

Greece againSummary:

Brits worried about stability!

Greece and the Euro

Eurozone: April PMI’s disappoint

United States: Data continues to slowly improve

Good morning,

I am back in Dublin after a great, short trip to clients in the UK which was fascinating, not least Continue Reading →

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US outperforming Europe, despite QE.

Posted by:  |  Time: 7:41 am  |  Topic:
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Commentary:

Another down day on the DAX yesterday driven mainly by some bad Euro data. The move lower was again bigger than justified taking into account bad news should be good for the DAX because it leads to more QE. Other indices performed well especially the DOW and Nasdaq. Maybe Continue Reading →

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David’s Daily Note – Sunny Glasgow

Posted by:  |  Time: 3:03 pm  |  Topic:
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Daily Note – Sunny Glasgow

Sunny GlagowSummary:

Policy Uncertainty Weighs on Australia’s Economy

United States: Existing home sales accelerate in March

United Kingdom: MPC Minutes: The Committee continues to suggest higher rates are coming

 

Good morning from sunny Glasgow.

I am seeing investors here and have had Continue Reading →

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Better news on Greece

Posted by:  |  Time: 7:35 am  |  Topic:  |  Comments: 2
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Commentary:

Well again price action was a bit crazy yesterday. We saw major sell off followed by a decent rally. In the end the market more or less finished where it started, much ado about nothing really. The excess volatility is making the market look directional but in reality I Continue Reading →

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David’s Daily Note – Grexit again?

Posted by:  |  Time: 10:41 am  |  Topic:
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Daily Note – Grexit again?

Grexit again?Summary:

Greece still to the fore

Eurozone: German investor confidence stabilises in April

United States: DuPont blames dollar for soft sales

 

Good morning from a sunny Manchester,

Here doing interesting client visits with Woodford Funds and the only topic on macro Continue Reading →

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Market is flip flopping.

Posted by:  |  Time: 7:35 am  |  Topic:
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Commentary:

This market is flip flopping from positive to negative. There is no doubt the rhetoric surrounding Greece is deteriorating and the market may finally be sitting up to take notice. Yesterday we had a bullish run first thing but quickly ran out of steam as the headlines form Greece Continue Reading →

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Daily Note – Playing chess or monopoly?

Posted by:  |  Time: 11:45 am  |  Topic:
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Daily Note – Playing chess or monopoly?

China PakistanSummary:

China pockets Pakistan, where’s America?

CPI Data Meet Yellen’s Condition for Rate Hike

United States: Earnings make a good start

Eurozone: Euro group meeting to discuss Greece: no formal deadline on 24 April

 

Good morning,

By far the Continue Reading →

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Strong bounce back.

Posted by:  |  Time: 7:44 am  |  Topic:
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Commentary:

After yesterday’s sustained rally a lot of traders will be asking, what was Friday all about? Well no more than a panic profit take I believe and the fact Bloomberg terminals went down across the market helped to spook traders into a deep sell-off. Looks like a silly move Continue Reading →

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David’s Daily Note – They are people, like you & me

Posted by:  |  Time: 1:32 pm  |  Topic:
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Daily Note – They are people, like you & me

They're peopleSummary:Immigration the only issue, everywhere

China cuts rates to boost growth

United States: Core CPI begins to firm, a bit

The Week Ahead: European data to the fore

Good morning,

Nothing underscores our unequal world as Continue Reading →

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Is this just a profit take?

Posted by:  |  Time: 7:52 am  |  Topic:  |  Comments: 2
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Commentary:

What a day on Friday. We sold off heavily on two stories.

1.The possibility of a Greek Exit, which the market has been ignoring, suddenly and rightly it is a concern.

  1. US stocks sold off on Friday on worries that the Chinese market may be set to fall after Continue Reading →
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David’s Daily Note

Posted by:  |  Time: 11:19 am  |  Topic:
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Daily Note – Head over heels

cpidSummary:

Head over heels

The markets love for ECB QE

United States: Weekly claims below 300k for 6 weeks

 

Good morning

I had a fascinating discussion yesterday in Birmingham on the global economy. The main takeaway even Continue Reading →

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DAX looking unhappy.

Posted by:  |  Time: 7:47 am  |  Topic:  |  Comments: 9
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Commentary:

A bit of a weird day yesterday really. After the ECB commitment to continue the QE programme at 60 billion a month I thought we would have a sustained rally in the DAX. Instead we sold off 200 points. Greece which everyone has been ignoring was to blame but Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:34 am  |  Topic:
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Daily Note – Draghi clobbered

D-ECBSummary:

CHF continues to strengthen

United States: Data remains mixed

China: Weak activity data

Eurozone: ECB steady as she goes

Good morning from Birmingham. I am here with Neil Woodford seeing some clients a bit later. It should be Continue Reading →

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NO surprises from the ECB.

Posted by:  |  Time: 7:40 am  |  Topic:
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Commentary:

Outside of the protester jumping on the desk, the ECB meeting was a total let down. First time in some time we have had a quiet one, practically no reaction at all. Draghi re-confirmed his commitment to QE and that was it basically.

Are we in for a period Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:52 am  |  Topic:
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Daily Note – Look East to see West

JapanSummary:

Watch Japan for Europe’s routemap

United States: Retail Sales rebound in March

United Kingdom: CPI remains stable in March

China: New Loans pick up – just about

Eurozone: Industrial Production beats expectations!

 

Good morning, Continue Reading →

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Talk of tapering, really!

Posted by:  |  Time: 7:49 am  |  Topic:  |  Comments: 2
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Commentary:

Yesterday was interesting. The Euro finally bounced, helped also by weaker retail sales in the US. Indices had an up / down day but no major direction.

It is all about Mario toady. We have Empire State manufacturing at 1.30pm also but in reality it will be overshadowed. Mr Continue Reading →

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David’s Daily Note – Greece once more

Posted by:  |  Time: 1:49 pm  |  Topic:
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Daily Note – Greece once more

Greece once moreSummary:

Greece taking it to the edge, any surprise there?

Euro weakness prompts borrowing spree

Japan: Weak currency the only way out

China: Trade data suggest a period of Yuan weakness

 

Good morning,

So having been out of the headlines Continue Reading →

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No Euro bounce, retail sales the key.

Posted by:  |  Time: 7:49 am  |  Topic:
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Commentary:

Well the dollar is lower against the JPY but the Euro cannot bounce. We have just had some inflation data from Germany and that was good and the Euro did not bounce. We have more at 8am and 9am namely Spain and Italy, if we get good figures there Continue Reading →

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