Daily Commentary 28/08/2015

Markets built on the previous days surge in global equities. Even China managed to post some gains, despite more than a week of enormous losses, allowing European markets to surge after the record gains on Wall Street. US equities rallied again, after a much better than expected GDP growth number, beating all hopes. US GDP…

Daily commentary 27/08/2015

US Equities roared back overnight, to a near record gain, compensating the recent correction. When technical corrections are defined as 10%+, which this is, analysts say this is healthy for the markets. The reason for the correction is less inspirational and certainly a cause for concern. Yesterday’s rebound evaporated in the final hour of trade…

Daily Commentary 26/08/2015

Global equities rebounded strongly after suffering the biggest losses since the GFC! Rumors swirled, about concerted intervention by Central Banks into equity markets, with diverse arrangements of mutual inter-funding’s and cross investments. Either way, things recovered strongly, especially in the top few US stocks. Bond yields spiked, contradicting any chances of a Fed interest rate…

Daily Commentary 25/08/2015

Markets were in turmoil to open the week. Chinese equities continued the melt-down, falling 8.5%, sending panic throughout global markets. The Dow fell 1000 points, at one stage, but rallied to a mere collapse. Oil fell below $38, leading commodities to further lows, reflecting a demand collapse. This should be considered a collapse in confidence…

Daily Commentary 24/08/2015

Share markets crashed Friday, on high volume, implying validity to the massive collapse. This equity implosion comes on the back of a very disrupted week reflecting global uncertainty. Commodities remain under extreme pressure from demand aversion. The Dollar plunged, hitting EUR 1.1380 and GBP 1.5700, as markets realize there will be no return to monetary…

Daily Commentary 21/08/2015

U.S. equities were hit with the biggest losses of the year after the dawning of reality in markets. The much promoted interest rate rise, will not happen, as the Fed hits the money printing accelerator! The U.S. Debt is reaching levels that maintenance is now the problem. Default is a reality if the Fed raises…

Daily Commentary 20/08/2015

Equity markets turned negative overnight with little in the Fed minutes to support confidence. Fed minutes revealed that a ‘rate rise was nearing’ and ‘conditions approaching’ but (and a big but) assuming inflation and Labour markets were conducive. The CPI remains insipid and Labour markets headline well, but real employment, remains in the tank! Markets…