Morning all. In the early hours of this morning China released PMI data for February and it does not make good reading. Manufacturing: 35.7 versus expected of 45.0 This is the lowest ever recorded for this indicator Non-Manufacturing 29.6 versus expected 51.0 Another record low number. A recording under 50 […]
InvestusMaximus
65 posts
Surprising action from the precious metals today, $SILVER not displaying any safe haven characteristics. Silver has just retraced the entire move it started in December when Iran tensions started to flair and it just goes to show that all crisis are not created equal. This will disappoint a lot of […]
https://www.reuters.com/article/us-china-health-disneyland/tokyo-disneyland-to-close-through-mid-march-on-coronavirus-concerns-idUSKCN20M09T Finally Disney cracked under $120 in yesterdays session, a level I wanted it to revisit after I took profits late last year around $138. I did miss the run up to the $150 area and at the time I thought the optimism around Disney+ was overpriced given it was […]
Morning all. I found another interesting chart, to add to my post from last night about the record set with the 10% correction. This one looks at all the market corrections since WWII, of which there has been 26, and calculate the average to be 13.7%. The $SPX500 here on […]
I thought this was quite an interesting story on CNBC this morning. I see a lot of people look at the virus outbreak as something quite insignificant and associate it with its impact on China, but here is a good example of how second order effects can start to accumulate […]