The Refugee Crisis in Europe is tearing it apart and all of this began with a unilateral decision by Merkel when her polls declined because of her tough policy on Greece. The refusal to compensate Italy and to demand they take in refugees but denies them the right to send them north proves the very point […]
Reliable sources are reporting that the European member states are going to rush out debt to try to lock in the low-interest rates before they start to rise and the ECB is still buying very aggressively. We are likely to see new issues of debt to increase before the ECB stops buying.
Although yesterdays US session was a solid performance, it had produced that gain within the first couple of hours trading, so although solid did not really extend much further. That sentiment was reflected in Asia today with gains but not excessive and left some core behind, especially having had to recover from some early losses. […]
Asian markets were in two minds whether to follow energy prices or industrial metals after the news from Washington yesterday. The Nikkei (-0.4%) interpreted it as negative and hit stocks from the opening bell, but did not really go anywhere from then onward. The JPY has resumed its downward trend and is this evening flirting […]
It was China’s market that took the hit today with both mainland Shanghai and the Hang Seng declining over 1%. It was tech that lead sentiment lower again today following rumours of US probing Huawei Technologies and that spread to the sector. These concerns appeared to be confined to China, although the financials and property […]
When you consider the DOW was off 550 points you would have expected significantly more weakness in Asia, but that was not to be! With 15mins trading time to go we saw the DOW bounce 10 points a minute to close off 400 and that almost gives you the kind of liquidity the markets are […]
There has been no president in history that the media has engaged in an all-out war to drive him from office than Trump. They have cheered every possible innuendo to undermine absolutely everything he has tried to do even things they would have supported under Obama like invading Syria. The bureaucracy is doing everything it can to […]
Todays comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]
The US share markets opened lower on Friday as renewed fears of a trade conflict between the United States and China continued to top the excuses for a correction. This even took the headlines surpassing the lower-than-expected March jobs data which they traditionally have focused on with respect to interest rate hikes. As always, there seems to […]
QUESTION: Mr. Armstrong; I really wish I found you sooner. A friend of mine has been telling me to listen. He bought the Dow at 17,000 and sold it 26,000 on your advice. He paid off his house and has told me – see, I told you so. I get these emails from the gold […]
