Wednesday, 9 September 2015

Financial Orbit wrap 09/09/15

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. Global reserves - yes, they are falling in the emerging markets but in aggregate they are rather large versus their developed market peers. Am not sure this is really factored into current ultra-pessimistic thinking about the emerging markets:



2. An interesting presentation from Altria which included this chart:

I did like this as an indicator of longer-term worth (and what a 50+ year compound return!):

3. Coca-Cola are still seeing good growth opportunities...although I still struggle a little with the share price (link here). 


4. So an excitable Asian session (Japan had its strongest individual day since 2008 - amazing what a bad close on Tuesday, a hope of Chinese stimulus and a weaker yen can do) but by the time it got to the US close...well Apple and other profit-taking influences had had an impact (as shown by this Fast FT chart): 


Still a 'mix' market and not one to blindly buy.  

5. UK growth and the Queen – on the day the current Queen becomes the longest ever serving monarch some interesting statistics on economic growth.  Average growth in reign of Victoria the previous record holder was 2% pa, for Elizabeth II has been 2.5% pa…

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