Wednesday, 30 September 2015

Financial Orbit wrap 30/09/15

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. Last day of the quarter – Not been an easy Q3…markets look to be leaving the quarter on a better tone...

I really liked this chart from today's Fast FT which shows what an amazing quarter/epoch it has been.

As for the fourth quarter, my views?  In super summary:

·         Equity markets are generally positive;
·         Mix matters more however;
·         Got to like ‘recovery’ as well as ‘high quality’ stocks especially as the former group underowned

Potential curve balls:
·         If the US dollar doesn’t fade a bit / general global growth challenges;
·         If China doesn’t undertake some stimulus;

·         Things take time/challenges/you have to pick the right stocks

2. Global competitiveness – new WEF economic competitiveness data out. UK slips behind Sweden, Switzerland still tops, Germany/Netherlands up, Finland down (link here)

3. I write up Saga in the UK equity market which did not appeal to me at prevailing despite obvious strategic positives (link here)...


4. ...by contrast I was well-disposed to Paychex in the US who published their Q1 16 numbers today (link here).  



5. Finally, a couple of tweets I put out today:

Never much of an IB fan but great stat via "VW woes may 'cut 1.5pp off Czech, Hungarian growth' via "

Vlad just warming it up for the Chinese... who ironically would prefer not to have it for a generation (too costly)



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