The S&P 500 is down less than 5% for the year and is 40% above its pandemic trough, whilst the forward price-to-earnings multiple has risen to a two-decade high at 22.4. US GDP is seen falling by an astonishing 52.8% in the second quarter, according to the Atlanta Fed. Whilst this number is always up […]

All a tad quiet this morning. European stock markets were tentatively higher in early trade Friday after another record session on Wall Street saw the three major indices rally, though small caps declined. The FTSE 100 led the way as it sprang back from yesterday’s ex-divis, up 0.3% to 7,220, whilst the DAX moved close to 16,000. Asian stock […]

European equities followed the US and Asia higher on hopes for a vaccine and a strong US jobs report, whilst shrugging off soaring numbers of new cases in the world’s largest economy. US cases of Covid-19 continue to surge, rising more than 50,000 in a single day for the first time. Florida’s new case count […]

Tesla stuff: Haters hate, regulators regulate: don’t confuse the two. Duke University engineering and computer science professor Missy Cummings is set to become a new senior adviser for safety at the National Highway Traffic Safety Administration. Many Tesla fanboys and girls are crying foul. Cummings, a former pilot and robotics expert, is seen as ‘anti-Tesla’. Now that’s kind of interesting in the first place: you’re […]

European stock markets trimmed some of their 2023 gains in early trade on Tuesday ahead of a speech by Fed chair Jay Powell, and in the wake of some fairly (though not extremely) hawkish comments from other Fed officials that left Wall Street with a mixed performance to start the week.