IIFT Daily Note with Peter Brown & David McWilliams

David’s Daily Note

Posted by:  |  Time: 10:24 am  |  Topic:
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Victoria’s Secret

victoria-secret-angels-victoria-secret-fashion-show2Summary

The US: Victoria’s Secret, steep curves
Geo-politics: Obama’s disasters
G20: Eurozone’s Liquidity Trap
Ukraine: Economy ruined, Germany worried
Week ahead: Eurozone data to the fore

Good morning,

I am just back from a quick expedition to Southern California where, apart Continue Reading →

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Stocks continue volatile, while dollar roars.

Posted by:  |  Time: 7:57 am  |  Topic:
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 Commentary:

Well Friday was dominated by the Alibaba IPO. As usual the market got carried away and drove the price to 100 only to finish 10% lower. I suspect it was the small investor who, as usual got stung on that one. Otherwise Friday saw the dollar rise and stocks Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:17 am  |  Topic:
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Scotland votes No!

VoteNoSummary

Scotland decides to stay with the Union
United States: Mixed economic data
United Kingdom: Retail Sales increase in August
Eurozone: Weak initial take-up for TLTRO

Good morning,

Scotland has voted against independence, after the result in Fife, where 114,148 Continue Reading →

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Scotland votes no, market rallies

Posted by:  |  Time: 7:32 am  |  Topic:
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 Commentary:

Well the big event overnight was the no vote in Scotland. Going home last night I thought the outcome was in the price. Not so it appears as the markets put in a 100 point rally. Yesterday we got confirmation from the stock markets that they are happy with Continue Reading →

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Mixed Messages

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Mixed Messages

Mixed MeassageSummary

Mistakes in the Middle East?
Yellen sends a muddled message
United States: CPI slows in August
United Kingdom: MPC talks down the growth outlook
Eurozone: Final August CPI comes in above expectations

Good morning,

As I write to Continue Reading →

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More volatility today.

Posted by:  |  Time: 7:45 am  |  Topic:
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 Commentary:

Well, despite Yellen’s efforts to convince the market that rates will remain low for a considerable time the market basically do not believe here. Dollar has roared following the press conference. Pity we had to close positions before but the volatility and direction was unclear and running positions into Continue Reading →

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David’s Daily Note – For Queen & Country

Posted by:  |  Time: 11:06 am  |  Topic:
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For Queen & Country

UKSummary

United Kingdom: House prices continue to push higher
United States: FOMC Preview
United States: Produce Input costs fall
China: Central Bank turns the taps
Eurozone: Business expectations stabilise in September

Good morning,

The UK and Irish betting Continue Reading →

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This will be crazy!

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

A crazy day yesterday. The morning was dominated by the nervousness ahead of Janet Yellen and the prospect of rate rises early. A negative tone prevailed and the market sold off. Then in the afternoon reports that the Fed would be dovish sent the market in a vicious rally. Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:11 am  |  Topic:
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Leading the charge

ChargeSummary

A global coalition forming to take on IS?
United States: Mixed data as we wait for the Fed
Australia: RBA getting concerned about the housing market

Good morning,

A few simple words from people in power can truly make Continue Reading →

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Quiet before the storm

Posted by:  |  Time: 9:11 am  |  Topic:
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 Commentary:

A quiet day yesterday as the market awaits two big events, Yellen on Wednesday night and the Scottish referendum on Thursday.

Today we have UK data out early. There is a lot of it so a straddle trade may not work. However it is inflation data so it will Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:18 am  |  Topic:
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China Syndrome

signpostSummary

China activity data slows
United States: Consumer looking up
Russia: Central Bank on hold
Eurozone: Industrial growth returns

 

Good morning,

Along with the Scottish election and the Federal Reserve meeting, one of the overarching themes in trading this week is Continue Reading →

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Poor Chinese growth starts a hectic week

Posted by:  |  Time: 7:45 am  |  Topic:
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 Commentary:

We are in for another choppy week in the markets. We open this morning with lower growth figures in China. This should set the tone early and certainly the Aussie dollar is getting it hard. We have of course the Scottish referendum on Thursday and although we expect a Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:57 am  |  Topic:
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Normalisation Process

ArrowsSummary

Bond markets prepare for more volatility
United Kingdom: Housing market slows
United States: Weekly claims increase

 

Good morning,

Spare a thought for the poor interest rate traders. It has been a frustrating year for them because of the Continue Reading →

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Dollar still on the rise.

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

Just a note on the DAX fade trade from yesterday. After the trade set up ( around 8.30am)  it then dropped a further 40 points.  There was nothing particularly negative to drive the market down and it recovered by mid-morning. This is why bigger stops for this trade are Continue Reading →

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David’s Daily Note – Putin’s War

Posted by:  |  Time: 10:42 am  |  Topic:
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Putin’s War

Punk EconSummary

New Punk Economics
Geo-Politics: The Russian – German alliance?
Eurozone: Spanish wobbles
United States: Inventory build slows in July
China: Inflation slows in August

 

Good morning,

For my latest thoughts on the big European picture, I urge you to Continue Reading →

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Scare tactics working on the Scots, for now!

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

A mixed day of trading yesterday. Dollar continued its relentless climb, Stock markets bounced off support and the referendum continues to dominate the UK market. Euro slightly lower at 1.2900.

The poll out overnight has the no vote with a six point lead. Big Scottish banks threatening to leave Continue Reading →

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David’s Daily Note

Posted by:  |  Time: 10:58 am  |  Topic:
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Bono’s business lesson

Bono_U2_360_Tour_2011Summary

U2: From Live Aid to Live Nation
Europe: ECB stuck in the past
United States: Small business confidence improves
United Kingdom: Manufacturing accelerates in July

Good morning,

Yesterday U2 gave a master class in business strategy. Continue Reading →

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Stock markets loose their shine.

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

It is all about GPB and USD at present. We know the Scottish referendum is too close to call so GBP should remain under pressure right up to the vote. USD is getting strength from the prospect on the start of the rising interest rate cycle. I think it Continue Reading →

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David’s Daily Note – China Rising

Posted by:  |  Time: 12:36 pm  |  Topic:
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China Rising

ChinaSummary

Alibaba and the 40 Thieves?
China the largest economy in the world?
Germany at it again in July
United States: USD continues to rally
Implication of Super Dollar

Good morning,

Yet again the financial press is getting its knickers Continue Reading →

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Dollar strength dominates

Posted by:  |  Time: 7:46 am  |  Topic:
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 Commentary:

The Euro was side-lined yesterday as GBP and the Dollar took the limelight. The Scottish referendum is certainly spooking the UK markets. FTSE was down 50 points at one stage when a rally in US stocks gave it a chance to recover. Later on the rally in stocks fizzled Continue Reading →

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