Monday, 3 August 2015

Financial Orbit wrap 03/08/15

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. Commodities – you know it is a bear market when (as per the Friday close):

WTI has fallen for 7 consecutive weeks (-22.0%). Sequence of weekly falls has not extended to 8 since at least April 1990.

Gold has fallen for 6 consecutive weeks (-8.7%). Sequence of weekly falls last extended to 7 weeks way back in June 1999 (both via @PredictedMkts).  Overdone though/overly pessimistic sentiment?

So the question is...what are they going to do this week?

2. I write about HSBC whose ongoing reform / cost cutting / asset simplification net net still impresses me (link here).


3. Not only a shocking PMI statistic from Greece but a volatile day with the return of (just about) live trading on their stock market.  My latest Yahoo Finance Contributors column highlights some of the issues... (link here). 


4. Big fear about the emerging markets...but don't tell Heineken that.  Very impressive emerging markets growth from the Dutch brewer showing that just maybe investors are a bit too broad brush with their anti EM fervour


5. Interesting call on US interest rates from the Markit analysis of the US manufacturing PMI: 


Meanwhile the global manufacturing survey is bearish sequentially apart from on output...


...that's not inflationary/optimistic is it, really?



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