Given that the media have been obsessed with the presidential election, and with covid, it’s not surprising that a story which combines the two is popular.
Equities: generally down, except Mexico & the UK. It’s not often that those two markets move together against the …
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Goldin Financial Holdings experiences creditors seizing assets. This huge chunk of real estate is on sale at a 34% discount to book value (as of nine months ago). Can this be the top of HK real estate? The coup by China, the deteriorating state of …
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I didn’t pay any attention to the markets today. Generally, it was slightly risk off. Soft commodities up a bit. Most indexes down. Some of the tech megastocks up. $XOM down 3%, all the oil majors down heavily. $SLB down 5.2%!
Maybe something more exciting will happen …
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The first presidential campaign TV debate is today. The mafia boss vs an aging political hack with dementia. It is going to be gripping, but for all the wrong reasons. At 2am local time, it’s a miss for me, although I might listen to highlights in my …
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Xi Jin Ping promised this, and promised that Chinese emissions would start to decline by 2030. It’s a big ambition. It will be interesting if it can be delivered without huge hardship for the greying population of this country.
The …
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Today was definitely risk off. Everything down again, including commodities (except NG which has a life of its own: up 18%, on weather in the gulf, apparently). Developed Europe looking weak. Emerging markets all very weak. Japan an exception, not sure why. Maybe the BoJ started buying ETFs more …
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After the Fed meeting yesterday nothing much has changed. Nasdaq (NDX) and BTC are down now, govt. yields up a bit in everywhere except GER (down) and USA (flat). The energy complex is up on some refinery capacity being taken out (and, I think, the reserve being lower …
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Walmart (offers Amazon Prime lookalike), Nikola (another EV fraud stock), Fedex (up a lot as things move to people), Sin Poong Pharma (Covid treatment hopes), Adobe (44% up YTD, for a product that’s been around since 1991), Snowflake and Unity (tech IPOs), Oracle (flogger of …
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Equities in Europe and the Far East seem generally up. Indonesia jumped a lot. Spain slumped. This quarter has been positive for nearly all equity markets, with the exception of Mexico, FTSE, AEX, STI and N225.
So far this quarter has had no clear direction. CB support has …
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