IIFT Daily Note with Peter Brown & David McWilliams

David’s Daily Note

Posted by:  |  Time: 1:52 pm  |  Topic:
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What happened to inflation?

inflation

Summary

Looking to the Fed’s FOMC
Greece: Upper hand now.
Eurozone: Greece gets a new government
Eurozone: German Business Confident
But Russia still locked out

Good morning,

This morning let’s look out across to the Atlantic and the Continue Reading →

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Market is settling down.

Posted by:  |  Time: 7:38 am  |  Topic:  |  Comments: 6
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 Commentary:

A bit of a foot on the ball day for FX yesterday despite the indices continuing their power rally. DAX is heading towards 11,000 and a 10% QE rally. Gold had a big profit take and an opportunity to get in or buy more depending on your strategy.

We Continue Reading →

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David’s Daily Note: Chill, it’s only capitalism at play in Athens!

Posted by:  |  Time: 2:29 pm  |  Topic:
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Chill, it’s only capitalism at play in Athens!

ZOE_0112

Summary

New Greek government
Bankruptcy and default are normal
Eurozone: A year of unconventional politics
United States: Better housing data
Eurozone: PMI data weaker but stronger!
United Kingdom: Retail Sales booming

 

Good morning, Continue Reading →

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Greece is the word.

Posted by:  |  Time: 7:41 am  |  Topic:  |  Comments: 2
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 Commentary:

Firstly a big thank you to the 200 plus that turned up on Saturday at our Investor and Trader Summit. We really enjoyed the day and the great feedback.

The big story this morning is the Greek election and the victory for Syriza the anti- austerity party. Their next Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:48 pm  |  Topic:
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What’s bigger, oil or QE?

mecca-clock-towerSummary

Saudi bigger news than QE
QE: Very bullish for dodgy EZ bonds
United States: Initial Jobless Claims decline
China: Bears still in the woods!

Good morning,

While the world is looking at QE in Europe, one Continue Reading →

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QE and loads of it!

Posted by:  |  Time: 7:34 am  |  Topic:  |  Comments: 3
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 Commentary:

We got more than we expected in the 60bln yesterday. The market took it very well and Euro fell and the DAX rose. The macro for the next while is now clear however questions remain when we come to the actual take up of the QE offered in March. Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 2:03 pm  |  Topic:
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The flirting is over!

Napolean-DynamiteSummary

Thanks be to Jaysus
Markets flying
Eurozone: “D” day for the ECB
United States: Better housing data
United Kingdom: Dovish BoE but how long can it last?

Good morning,

When I was a teenager, the most excruciating Continue Reading →

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QE details leaked, is that it?

Posted by:  |  Time: 7:42 am  |  Topic:  |  Comments: 16
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 Commentary:

Well yesterday’s leak took all the steam out of today. We know 50billion a month up to over 1 trillion and until end 2016. US QE was 85billion dollars circa 74 billion Euro, so not as much as the US but a big number all the same. There are Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 2:41 pm  |  Topic:
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French Taxis!

taxi-paris_2694943bSummary

French taxis shed light of the Republic
Euro still under pressure
ECB: Bigger QE now likely
Eurozone: German industry sprightly
United States: Yanks still buying houses

 

Good morning,

I am just in from Paris where, as always, the nature of Continue Reading →

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How high can gold go?

Posted by:  |  Time: 7:40 am  |  Topic:  |  Comments: 6
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 Commentary:

Big big winner in these markets is gold. The Swiss move coupled with the outlook for bonds and equities which are mixed at best, has just set the metal on an upward path. 1390?

We know we are waiting for the main event tomorrow, however yesterday was a more Continue Reading →

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David’s Daily Note – How low can it go?

Posted by:  |  Time: 12:36 pm  |  Topic:
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How low can it go?

jx2305Summary

Crude trying to form a bottom
United States: More Strong Data
China: GDP data better than expected
The Week Ahead: All about the ECB

Good morning,

In 2008, the sharp decline in world economic Continue Reading →

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A few days of quiet before the storm?

Posted by:  |  Time: 7:37 am  |  Topic:  |  Comments: 5
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 Commentary:

We had a quiet day yesterday as the US was on holidays. Euro put in a silly bounce which was reversed this morning. Stocks look well supported and there have been no new falls in the oil price.

Looks like we are setting up for Thursday and maybe we Continue Reading →

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All about Thursday.

Posted by:  |  Time: 7:43 am  |  Topic:  |  Comments: 3
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 Commentary:

What a week we have just experienced. This one is going to be quiet hectic also but not as crazy. We know that QE is coming on Thursday the only question now is how much. I expect the Euro to slow and stabilise into the meeting, we may fall Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 12:29 pm  |  Topic:
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The View from the Matterhorn

MatterhornSummary

The Swiss move in context.
SNB abandons its currency peg
Eurozone: Bond yields drop further
United States: Mixed data to end the week

Good morning,

This has been quite the 24 hours and if anything, Continue Reading →

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Why we don’t trade the Swissy!

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

Well I said calm down yesterday and that certainly did not happen. What a day! The Swiss Central Bank pulling the plug on the cap at 1.20 is an event which is very rare in market terms and caused volatility I have seen rarely in the markets. There will Continue Reading →

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David’s Daily Note – Anyone seen inflation?

Posted by:  |  Time: 12:19 pm  |  Topic:
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Anyone seen inflation?

MSummary

In search of inflation?
Crude fall supports growth
Eurozone: From the Deutsche Mark to the Lira
United States: Poorish Retail Sales despite the lower oil price

Good morning,

Anyone seen inflation? If you see him, please Continue Reading →

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Calm down, calm down.

Posted by:  |  Time: 7:39 am  |  Topic:  |  Comments: 5
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 Commentary:

The rock and roll continues with unprecedented volatility on Wall St. Quiet amazing the 100 point plus moves we are seeing. Overall I think it is all way overdone and the underlying situation is the macro view has not changed. Stocks are good until there is an alternative, which Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 1:28 pm  |  Topic:
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Inflation Disappears

Germans to courtSummary

EuroZone: The Germans go to court
Equity Market: Volatility picking up dramatically!
United States: SME Business Confidence at cycle high
UK: Sweet spot. Inflation down, growth up!

Good morning,

Jaysus it is freezing here! Heading to London this morning, hope Continue Reading →

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Markets stay volatile.

Posted by:  |  Time: 7:43 am  |  Topic:  |  Comments: 2
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 Commentary:

Well another amazing day yesterday. The market put in a strong rally early afternoon which I suspected it would. However then we turned around after the U.S. Energy Information Administration said they expect oil supplies to outpace demand throughout 2016.

Suddenly the market dumped stock and bought bonds. This Continue Reading →

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David’s Daily Note – The oil effect

Posted by:  |  Time: 10:52 am  |  Topic:
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The oil effect

ronaldo, messi, roacheSummary

Some thoughts on the Euro and emerging markets
The dollar and gold conundrum
Russia: Stagflation here?
China: Better export data to end the year

Good morning,

It’s nice to see Latin men doing what Latin men Continue Reading →

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