City A.M. TV: Daily Market Snapshot (video) February 24, 2021 Sector behaviour in the global markets is currently unusually divergent. Key cyclical sectors across the globe are making new highs: UK & US airline sectors, for example, have rallied sharply in recent trading sessions to new multi month highs; the UK’s FTSE basic materials sector is at new multi-year highs, while the global banks sector [...]
City A.M. TV: Daily Market Snapshot (video) February 23, 2021 Following false breakouts in markets last week, downside momentum continued to build yesterday.
City A.M. TV: Daily Market Snapshot (video) February 22, 2021 After a false breakout to the upside in equity markets early last week, momentum has shifted sharply to the downside. With that, there has been further weakness in key equity index futures markets in Asian trading overnight. As a result, there are now two key factors that we are watching to judge when the downside has played out and, therefore, when to reinstate LONG positions. Those [...]
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 [...]
City A.M. TV: Daily Market Snapshot (video) February 17, 2021 Government bond yields have been backing up sharply in recent weeks. Yesterday the key US 10 year yield (the main risk free rate in global financial markets) reached 1.30 per cent yield at its close. Rising government yields tend to correlate with outperformance by cyclicals, financials and energy stocks/sectors. February, so far, has been consistent [...]
City A.M. TV – Daily Market Snapshot (video) February 16, 2021 After ‘pausing’ for most of last week, global equity markets continued to break out to the upside yesterday and overnight. Both the S&P500 and the NASDAQ, for example, have once again made new record highs; Asian indices have squeezed higher; while the UK’s FTSE100 rallied sharply yesterday (closing up +2.5 per cent, and breaking above [...]
City A.M. TV: Daily Market Snapshot (video) February 15, 2021 The great pause, which we have seen in global equity markets over much of February, appears to be over. Markets are breaking out to the upside. That started with strength in the US into the close on Friday, with that strength continuing in Asian trading earlier today. Asian markets are also following – the Nikkei [...]
City A.M. TV: Daily Market Snapshot (video) February 12, 2021 Markets have continued their consolidation patterns in recent trading sessions. That is key global equity markets have largely paused their uptrend & moved sideways for much of February. Those markets include the key US market, the S&P500, the tech heavy NASDAQ and various Asian markets. The UK’s FTSE100 index has also consolidated its recent gains [...]
Ollie Phillips’ Six Nations predictions: England to bully poor Italy; impressive Ireland won’t be pushovers for France; Scotland too good for Wales February 12, 2021 It’s not as if we didn’t see the problems coming with England before their defeat to Scotland in last week’s Six Nations opener. Physicality is the minimum requirement at international rugby but you need more than that. England had lacked ingenuity. And, sure enough, Scotland totally outfoxed the holders at in every area of the [...]