Monday, 2 February 2015

Financial Orbit wrap 02/02/15

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. So the Chinese manufacturing PMI number(s) were not great...


2. ...and Europe was hardly much better: 4 ups, 4 downs in terms of trend:


3. How about the strong performing US economy?  Well the US manufacturing PMI rose to a 3 month high but survey provider Markit concluded that:

'The fear is that the economy will become increasingly reliant on the consumer to sustain growth, which is another reason besides the economic slowdown to believe that policymakers will be wary of raising household’s borrowing costs via rate hikes any time soon'

4. So how does it look globally? Actually despite all the above, not too bad...although as the relative flatness of the global manufacturing PMI number below conditions are hardly rampant.  The key is to look beyond some of the usual suspects...or to convert the idea to financial market choices: be a stock picker / position selector: 


5. Finally I write about Amazon (link here) and conclude that it is still all about cash flow...



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