Tuesday, 23 June 2015

Financial Orbit wrap 23/06/15

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. Greece – The talking continues…hopes of a deal by Thursday.

A few headlines: “Greek Gov’t Spokesman: Greece Will Continue Tough Talks To Conclude Deal – BBG “.  “Greek PM Tsipras: Solution Should Include Economic Viability, Debt Sustainability & Growth Issues – RTRS”.  “German C’llr Merkel: No Talk Of Bailout Extension, Hopes Thursday Meeting Is Just To Take Note Of Eurogroup Agreement – RTRS”.  “IMF Chief Lagarde: Still `Enormous' Amount Of Work To Do On Greece – BBG”

Greece #2 – my take: compromise makes huge sense but aside from the technical on pensions and VAT the real question for me is whether there is any debt restructuring or not.  If not then this is all just the can being kicked down the road...

And maybe they will cut defence spending too:


2. I appraise the Blackberry results and conclude that my thoughts from March still hold.

3. Carnival results were also out and I wrote up them up in my latest Yahoo Finance Contributors column here.  A good company BUT it needs a cuter price to get involved.


4. A couple of interesting US macro charts. Putting today's US new home sales numbers into context via a great chart from @MktOutperform:


Meanwhile @RyanDetrick produced this super graphic showing how the number of weeks the S&P 500 index has gone without a 1% up or down move is eight weeks...and counting.  Feels like time for some volatility...


5. Finally, a super chart showing the rise and rise of mobile internet:

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