Four charts that spoke to me today.
GaveKal Capital had this fascinating chart on a very interesting posting which observed:
'Not A Single Developed Sector Is Trading Below 22x P/E'
Reiterates my view that this market is all about alpha and not beta...
One stock that has done very well is Apple. Excellent chart via @Brady_FBN indicating that Mr Cook has almost doubled the shares under his CEO tenure. (I also note the potential double top at US$100!!)
So my question is, in this Bank of America-Merrill Lynch chart highlighted by @liamdenning is correct...then why is the oil price not materially higher? Conditions for an energy price spike in the winter building?
Finally from @EY_UKI a warning that cybercrime is a worry...especially in the UK. I agree on the global theme...one of the reasons why I am long Symantec.