Weekly research notes covering the full spectrum of asset classes

A great chart from BCA Research on financial manias

May 6, 2018 / admin

Market Commentary—04/05/2018

May 4, 2018 / Yee Kiat

US: China and US trade talks have started in Beijing, but analysts expect nothing substantial to come out of the 2-day talk, especially with observers noting the same thing. US: About 3/4ths of the S&P 500 have reported their earnings, with many exceeding expectations but the biggest losers were Tesla, Hologic and Cynosure. Tesla’s future […]

Market Commentary—03/05/2018

May 3, 2018 / Yee Kiat

US: Yesterday’s PMI reports showed the sub-indexes tracking new export orders have declined, with the Caixin Media Co. and Markit Economics Ltd readings for booked shipments dropping to their weakest levels since 2016, signalling that Trump’s effect may be starting to show on China’s exports. US: The Fed left interest rates unchanged, acknowledging that US inflation […]

Market Commentary – 02/05/2018

May 2, 2018 / Yee Kiat

US: Commerce Secretary Wilbur Ross watered down any possibility of radical breakthroughs in the US-China talk happening this week. Mnuchin also mentioned about being “cautious optimistic”. US: Manufacturing data expanded last month at the slowest since last year, with the factory index falling to 57.3, below estimates of 58.5. Measure of production declined to 57.2 […]

Market Commentary – 01/05/2018

May 1, 2018 / Yee Kiat

Trump extends tariff exemptions for 30 days, giving Canada, Mexico, EU and other allies a final stretch to negotiate with Trump to permanently avoid import tax. Mexico and Canada have been said to have come close to an agreement, but trade wars with EU seem inevitable. UK: UK manufacturing slowed more than expected. HIS Markit’s […]