Saturday, 5 December 2015

Financial Orbit wrap 04 & 05/12/15

Five sentences or graphics which sum up the Financial Orbit output over the last 24 48 hours across the website, twitter account and anything else thought about...

1. Europe and the markets – so after the ECB decision (which I discussed as length here)…Bild report that ECB's Weidmann was unhappy with ECB decision and that it was taken without the backing of 5 officials.

I disagree with some of the comments thrown at Mario Draghi (for the reasons given at the link above) but I had to smile at @cityAM's graphic: Draghi as the Christmas Grinch!!

Of course Europe not that bad anymore, a point made by @Callum_thomas in this chart he cited:

Postscript: observed this on Twitter after the European close but before the same in the US:

Pavlov's dog reaction to a bit of profit-taking on NYC speech etc. by the futures! A week that doesn't want to end!

2. Not many corporate reporters on Friday but I write up Big Lots from the US here.  

3. The latest Financial Orbit Speaks is out as noted below: 

Published on 4th December 2015 - link here

In this week's global investing enhanced podcast Chris Bailey discusses Mario "The Grinch" Draghi of the ECB, the implications of higher bond yields, the need to be stock picking focused, the source of higher productivity and the wane in office Christmas parties.

4. Interesting chart from today's Financial Times. Not sure it particularly matters if there are fewer AAA corporates around per se but indicative of the need today to undertake those hard research yards when making investment decisions.  

5. Talking about hard research yards.  I liked this piece highlighting some of the challenges for retail investors in both the equities and bonds of currently troubled areas of the market such as the oil sector:

Buyer beware always!

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