Big stimulus measures announced by the ECB last night following an emergency meeting. https://www.reuters.com/article/us-health-coronavirus-ecb/ecb-to-print-1-trillion-euro-this-year-to-stem-coronavirus-rout-idUSKBN21543D?il=0 Will this help stabilise the wild action we’ve been seeing this week? €750 billion pandemic emergency purchase programme (PEPP) a new temporary asset purchase programme of private and public sector securities to counter the serious risks […]
Mark
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Evening all. Wow today felt like a really panicky day, probably the worst so far in terms of listening to people on Bloomberg/CNBC, reading articles and watching various assets do some crazy moves. Oil sinking to an 18 year low would normally be headline news you couldn’t escape, but today […]
Morning all. That disappointing feeling when you laying in bed checking markets and you see US futures all limit-down already! I think there was some hope yesterday that record stimulus packages, bailouts, even the chance of money being sent directly to people would all help stabilise markets and provide some […]
Evening all. A busy day in the markets and a busy day from governments around the world. Each announcement of Coronavirus control measures seemed to be accompanied by news of stimulus, support and relief packages. It was a lot for the markets to take in, and I think this is […]
This past week has not been kind to Gold or any of the other precious metals. At a time of distressed global markets, many have fled to Gold for it’s reputation as a good ‘safe haven’ during times of trouble. For anyone seeking refuge in the warming light of Gold […]
Evening all. Yesterday the markets displayed some strange behaviour with the ‘Triple Whammy’ I wrote about last night and that certainly ended up being a portend for a bad day, with the Dow having its worst day since the 1987 flash crash. See: https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html I usually use the SP500 for […]
Evening all. It was one of those rare days in the markets when we saw a triple whammy of asset liquidating which goes beyond the normal risk-off correlations we get used to seeing. Here’s a little snapshot of of watchlist to illustrate what I talking about here: I don’t have […]
Morning all. After one of the worst days for the stock markets in recent history, multiple central banks and governments outlined plans for economic stimulus, which has boosted sentiment and coincided with China and South Korea reporting progress in containing the Coronavirus spread. $DJ30 futures are pointing to strong opening […]
Evening all. The markets really are something else at the moment. Flash Crashes, Oil Wars, Market Circuit Breakers, Missile Tests, Pandemic Virus, you name it we got it! I closed 2 more of the index shorts today, one on $UK100 and one on $SPX500 to free up more capital and […]
Afternoon all. What a week we have brewing by the looks of things today. Looking at the weekend futures on IG, markets look like they could open about 2% down on Friday’s close and that is really nothing considering that there was a late day rally off the lows which […]