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 […]
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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 […]
Morning All. Worrying developments in Italy overnight as Prime Minister, Giuseppe Conte, signs a decree to limit movement in more than a dozen provinces and this very much resembles the kind of quarantine efforts we saw in Hubei province, China last month. This reportedly effects a quarter of Italy’s population, […]
Afternoon all. More economic data was released by China this morning, reporting that exports fell 17.2% for the January-February period compared to a year earlier and contrasting a gain of 16.5% in December when trade talk resolutions prompted activity to start picking up again. Imports only shrank 4% from a […]
Morning All. I wanted to write a post about why I started buying $DGRO and why I will buy more if this market weakness persists. The yield on 10 year US Treasuries just went below 1% recently and has been hitting new record lows over the last couple of days, […]
After nearly a year of waiting for $BA to crack under $300 following the 737-MAX disaster and grounding of all those planes, it finally did it with this move down into the $26x’s, but now it’s here the situation is more complex than the issue of the MAX and I […]
Just taking a look at $CCL $CCL.L after seeing it fall again, down another 12% today. Another of their ships, the Grand Princess, is potentially the site of a new COVID-19 outbreak following hot on the heels of the Diamond Princess which has only just faded from the news. https://www.theguardian.com/world/2020/mar/04/coronavirus-san-francisco-cruise-ship-grand-princess […]
With so little testing carried out in the US, the headlines are only just getting going on this story for them I believe. This is from another article I was reading yesterday: ” During a Senate hearing Tuesday, FDA Commissioner Stephen Hahn was greeted by skeptical lawmakers and pushed to […]
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 […]
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 […]