Having spent most of the first part of the morning wrestling with Microsoft systems to get into the matrix, we are seeing some serious funny business in some corners of the market.

Cost of living: earnings from Walmart and Target amounted to a red flag on the health of the consumer and helped send stocks on Wall Street to their worst daily decline since 2020. Target declined 25% as it warned on profit margins due to rising costs, a day after Walmart had hurt sentiment with a […]

Remember when 3.25% on the 10yr meant the bond rally was over and yields would break out? Gold at $1500 Gold’s advance looks unstoppable,  with prices striking through the big $1500 level as flagged in yesterday morning’s strategy note. The cue was a major melt-up in bonds. $1525-50 looks to be a big area to overcome […]

First the relief, now for a wee dose of reality. Stock markets are looking a little more cautious after yesterday’s massive surge on news that Pfizer and Biontech have a vaccine that is 90% effective – investors will now show a tad more caution that the kneejerk rally is out of the way. Markets have […]

Mamma mia, here we go again. Another Italian political crisis. Except this time, it wasn’t supposed to happen like this. Mario Draghi took on the leadership of his home country in February 2021 in order to bring stability, not throw Europe into the upheaval it now faces as a consequence of his resignation. He would […]