Monday, 18 January 2016

Financial Orbit wrap 18/01/16

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. In today's Financial Orbit Macro

As I have discussed here quite a few times over the last week or so, sentiment is hugely influential currently – and obviously at the moment by this I mean negative sentiment.  I liked this via @eurofaultlines which showed how ‘momentum’ was continuing to outperform the more contrarian mean-reversion strategy.  I think we are at an extreme point here and am happy generally to be more contrarian in nature…

2. Meanwhile in today's Financial Orbit Stocks I observe about Randgold Resources:

Elsewhere in the list, Randgold remains a very strong YTD performer due to gold’s decoupling.  This headline from The Financial Times today cannot be unhelpful: 

3.There were two Financial Orbit Immediate publications today and within the first one - among other matters - I observed:

Two interesting macro charts before some more thoughts this afternoon. The first is the fade in Chinese consumer standard of living sentiment but look at that absolute level.  That’s the key with the rise of the Chinese consumer…still an attractive theme despite all that bad sentiment around. 

4. In the second Financial Orbit Immediate publication I noted about Carlsberg that:

Putting together the DKK500 (historic) and DKK550 (more recently derived) interesting levels would suggest sub DKK525 is worth the introduction of a starter position.  With the share DKK530 at the close of trading today we are getting close. 

Carlsberg is on my watch list.  

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5. And a final image

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