City A.M. TV – Daily Market Snapshot (video) March 4, 2021 The divergence between the ‘growth’ and the ‘value/cyclical’ parts of the global equity market continued yesterday. Value oriented markets, like the UK’s FTSE100 and parts of the European equity landscape, rallied on the session. The UK’s FTSE all share banks sector, for example, is back at its highest since the start of the pandemic. In [...]
City A.M. TV – Daily Market Snapshot (video) March 3, 2021 Markets are poised at a key juncture. The signals from the price action have been ambiguous in the past few trading sessions, while certain key (formerly) leadership stocks are sitting on, and struggling at, important technical support levels. The back-up in bond yields over February clearly damaged upwards momentum towards the end of the month. [...]
Overnight: Asia pauses for thought while US markets got their mojo back March 2, 2021 Asian markets appear to be taking a breather this morning, having led the global equity recovery yesterday. US markets found their mojo again overnight, with a day of calm on bond markets greenlighting equities to leap higher on the vaccine recovery optimism that characterised the Asian session earlier in the day. Fed Governor Barkin, speaking [...]
Pound off to a good start ahead of this week’s Budget March 1, 2021 The pound has got off to a positive start ahead of this week’s budget as optimism over the vaccine rollout, which passed the 20m at the weekend, fostered hopes for an economic rebound that is likely to be much faster than its peers in Europe. Moreover, with the UK budget only two days away, mortgage [...]
City A.M. TV: Daily Market Snapshot (video) February 25, 2021 City A.M. TV: Daily Market Snapshot (video)
Business rates from the 16th century are ruining the high-street and an online sales tax isn’t enough February 23, 2021 The pandemic is in many ways not a break from the past but a rapid accelerator, and nowhere has the world sped up as much as in our shopping habits. In the last year, more retail sales shifted onto the internet than had done so in the previous decade. UK consumers spent £24 in every [...]
Boris Johnson’s lockdown roadmap needs short-term hope and yes, takeaway pints February 23, 2021 In two weeks, we will be legally allowed to sit on a park bench with a friend and have a coffee. In five weeks, two whole households will be given the go-ahead to see one another outdoors. Boris Johnson’s plan to exit lockdown seems completely oblivious to what is happening outside his front door. It [...]
Bitcoin’s market cap crosses $1 trillion as ETFs start trading February 22, 2021 A look at what's moving Bitcoin as the market cap crosses $1 trillion and ETFs start trading.
City A.M. TV: Daily Market Snapshot (video) February 19, 2021 Momentum in markets continued to roll over yesterday, with all major US equity indices (and most sectors) closing lower. The ‘false breakout’ theme that we highlighted in yesterday’s video therefore remains intact. Of note in that respect, and as we show in today’s clip, it’s clear that, as well as weaker momentum, the ‘internals’ of [...]
City A.M. TV: Daily Market Snapshot (video) February 18, 2021 Price action in markets has been poor in the past 24 hours. In particular, having broken out to new highs earlier this week, major US equity indices have fallen back into the middle of their recent trading ranges (including both the S&P500 & Nasdaq100). The ‘upside breakout’, therefore, has been false. That raises a key question [...]