Market Thinking

making sense of the narrative

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Month: December 2019

Just watch that US$

One of the more interesting things to have occurred during the “hidden holiday season” has been the behaviour of the trade weighted US$, which has just completed a 23.6% fibonacci retracement of its rally from the February 2018 lows and, Read more…


Inventions, Innovations and Investments

The Times recently featured a rather curious article titled “Enjoy those gadgets while you still can” by Gerard Baker in which he bemoans the lack of innovation in the last decade. (link is to the Australian which allows a sample Read more…


The Year(s) Ahead

Looking into the next decade we see some short term uncertainties, some near term risks and some long term trends. Short term uncertainties. Falling in Europe and Asia, rising in US The close of the twenty teens has seen some Read more…


What Tesla should have done

Following my comments here (and on Linked in) about the huge mistake I think Elon Musk has made with his new pickup, I was sent a link to this new competitor, whose truck will be available before the Tesla DeLorean Read more…


UK moving on

So in the end the Liberal Democrats and the Brexit Party ended up doing more damage to Jeremy Corbyn’s Labour Party than to Boris Johnson’s Tories. To some extent this is like 2015. As discussed in previous posts, the so Read more…


Decision Day

I had booked my flights for a pre-Christmas visit to London before it was announced that there would be a General Election in the UK on December 12th. As such I find myself here on a highly significant day for Read more…


Making Money from Climate Change

Look at Linked In or any corporate website and everything is about Climate Change, sustainability and ESG. There is no longer even any debate about the science, it has, according to the politicians at least, been ‘settled’ even though of Read more…


Market Thinking November 2019

November saw a lot of book squaring which created some aggressive sideways trading before both bonds and equities resumed their bull trends. In politics, the theatrics of Impeachment and Brexit tended to overshadow the more meaningful events of the US Read more…