Thursday, 15 January 2015

Financial Orbit wrap 15/01/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. An interesting emerging markets versus the inverted dollar trade weighted index graphic...I must admit though I still see value in the former...


2. ...one currency that certainly rose against the US dollar today was the Swiss franc...and what a move (c. 14%) it was.  I felt compelled to dedicate my latest Yahoo Finance Contributor article to the Swissie dumping its peg against the euro (link here).  


3. More disappointing numbers from financials - this time legal heavy disclosures from Citigroup and Bank of America

4. Meanwhile Blackrock continued to have success...in its passive investment solutions business (fortunately for them a large part of the company).  I believe though this is just about to turn...


5. And finally...back to the emerging markets and specifically the high yield market.  Interesting levels. Of course it is not the only high yield market around the world to be backing up currently whilst equities continue to try to go up (and I note today that the AAII bull-bear spread is back above >25 points).  


(h/t @MktOutperform)


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