Equities
Flash Note;
The market reaction in both the UK and US to the lower inflation data is notable, and I believe we should increase equity exposure. As always in a flash note, I will give more information next Tuesday.
flash-note
Technology
Flash Note;
I have been reviewing the tech sector, and evidence is mounting that it has peaked. I can’t say that with certainty, but it feels like buyers have finally hit exhaustion. 4 of the 7 big tech stocks are turning down, and the artificial intelligence trade is cooling.
Commodities
Flash note;
Commodity prices are coming under pressure once again. I can continue to make a bullish medium-term case for gold and oil, but we cannot escape the mounting evidence of a Chinese slowdown. The latest casualty has been industrial metals, with copper leading the way down. My hope was
Reducing Risk
Flash Note
I recently made the case to add to commodities. The logic was that the Chinese recovery would be strong while the dollar was weakening. Having sold commodity stocks last year after a fabulous run, they had fallen enough, and it was an opportunity to buy.
The Chinese recovery
Reducing Risk - Part 2
Flash Note
The banking sector remains under pressure with the latest concern being Credit Suisse (CSGN SW). The shares have fallen below CHF 2 (from CHF 50 a decade ago). Concerns have grown over its viability, with a leading shareholder having ruled out a lifeline. The risk is that the
Silicon Valley Bank: Never just one cockroach
AAA: Flash Note;
With the pace and rapidity with which the Fed has been tightening – all the while peddling the “soft landing” narrative – something was bound to break. And it finally has. Last week we saw Silicon Valley Bank shut down by regulators in the second-largest bank failure in US
Reducing Risk
Flash Note
Over the weekend, you will likely have read about the recent failure of Silicon Valley Bank, which has gone into liquidation. Bailouts tend to happen at weekends, as there are two days to negotiate terms while the market is closed.
