Other articles


  1. Oil goes to $30 per barrel?

    Published: Sat 25 June 2022
    Updated: Mon 27 June 2022
    By steve

    In markets.

    Saturday 25, June 2022

    Nobody knows nuffink

    Nobody knows anything” is a quote from William Goldman, “Not one person in the entire motion picture field knows for a certainty what’s going to work. Every time out it’s a guess and, if you’re lucky, an educated one.” The …continue

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  2. The Fed is crashing the market

    Published: Wed 15 June 2022
    Updated: Wed 15 June 2022
    By steve

    In markets.

    Wednesday 15, June 2022

    The worst of times?

    It looks as though globalization, and with it the massive boost to the world’s labour supply, has paused if not permanently ended. The war in Ukraine is likely to drive a wedge between the West and Russia, and the West and …continue

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  3. Bear market alert

    Published: Fri 10 June 2022
    Updated: Fri 10 June 2022
    By steve

    In markets.

    Friday 10, June 2022

    Wrap

    The ECB and the Fed are now falling into line and promising to slow down asset purchases and raise rates. In the case of the ECB this is for the first time in about a decade, and also to a level that is almost positive …continue

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  4. Low tide for ECB interest rates

    Published: Thu 09 June 2022
    Updated: Thu 09 June 2022
    By steve

    In markets.

    Thursday 9, June 2022

    The ECB changes tack

    The ECB announced that it would end QE and start to raise rates. The various policy rates have been pinned to the floor since 2016, but next month will start to rise, as inflation shows itself to be, errr, not transitory. This …continue

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  5. Not much more than a wrap

    Published: Wed 08 June 2022
    Updated: Wed 08 June 2022
    By steve

    In markets.

    Wednesday 8, June 2022

    Wrap

    Bonds down, commodities up, stocks down, VIX up, crypto down. It’s a risk off day! Oil seems particularly affected: WTI up 2.7% to $122.5 a barrel. I’m reading Daniel Yergin’s The Prize about the history of the oil industry. I …continue

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  6. Inflation is closing in

    Published: Tue 07 June 2022
    Updated: Tue 07 June 2022
    By steve

    In markets.

    Tuesday 7, June 2022

    How to play the long-run inflation game

    You’ve heard me talk a lot about how inflation is going to persist, for a lot longer than Janet Yellen foresaw. The question is, how can a retail investor take advantage of this?

    I’ve been reading some …continue

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  7. Risk On Monday

    Published: Mon 06 June 2022
    Updated: Mon 06 June 2022
    By steve

    In markets.

    Monday 6, June 2022

    Wrap

    Basically, today was a mild risk-on. Equities were up, bonds down, commodities up, crypto up, VIX down. There may be excitement next week when a lot of options (especially puts) expire. No major economic news. Saudi Arabia seems to have increased prices for crude for …continue

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