Paul Volcker was the Federal Reserve chairman before Greenspan. He was appointed by Jimmy Carter in 1979 and served as the US central bank’s chairman until 1987. Volcker was the man who, in an inflation obsessed era (the 1980’s), worked out that reacting to a rise in inflation didn’t work, and that central banks had to…
The FOMC has cut interest rates overnight (the first inter-meeting cut since 2008), the RBA cut rates yesterday and the rest of the World’s Central Banks are doubtless preparing to cut interest rates sometime soon – because of the coronavirus. Read the RBA statement and there was no cut and paste this time – nine mentions of…
WHICH STOCKS WILL DISAPPOINT WITH RESULTS (AND WHICH WON’T) We’ve had profit warnings from IAG, DOW, CIM, NHF, NUF, SUL, KGN and now TWE. The confession season is in full flight. Time for this perennial article – rules for the results season and a look at which stocks and sectors are most at risk over…
We have looked through the details of the Phase One trade deal and despite spending last year exasperated by the unwelcome uncertainty and volatility that trade ‘news’ and Trump’s delivery of it caused, the conclusion from reading the trade deal is that however badly/annoyingly Trump has handled the news flow (a more efficient President might…
Day three back at the desk – time for a round up of what to expect in 2020. US Central Bank policy was the biggest issue in 2019 and still is the biggest issue – Last year’s stellar performance from the bond and equity market was driven by the US Federal Reserve’s dovish pivot point…
The oil price is ticking up after the OPEC+ (OPEC plus Russia) meeting in early December, which saw Saudi Arabia push for the deepest production cuts in a decade. Oil up 2%. OPEC pumps 40% of the World’s oil. They increased production cuts by 500,000 barrels to 1.7m barrels a day – 372,000bpd by OPEC…
One of the many US newswire articles put out a list of 10 reasons why the Dow Jones fell 849 points (which is only 3%) from top to bottom in three days. Here they are with comments from us: Trump upended the US-China trade deal forecast with a single comment. We have to get used…
IDEA OF THE DAY WESTPAC BANK (WBC) Henry: ABC News Breakfast, 26th November To hear more from Marcus Today, sign-up for a FREE 14-day no obligations trial HERE. Events are moving fast this morning. I was on air on the ABC as the news broke that Brian Hartzer had resigned. Hardly a surprise given…
Back on October 25th Henry wrote up four travel stocks as an Idea of the Day At the time his order of preference was: #1 Webjet (WEB) #2 Helloworld (HLO) (mainly because of liquidity) #3 Flight Centre (FLT) and #4 Corporate Travel (CTD). Some water has flowed under the bridge since with a good gain…
