City A.M. TV: Daily Market Snapshot (video) February 11, 2021 After strong gains in early February, US and European equity markets have mostly drifted sideways this week. The key question now is: Are equities merely pausing for breath and consolidating their gains (before the uptrend resumes); OR – are they about to ‘top out’ and sell-off over coming trading days? In this brief clip we [...]
City A.M. TV: Daily Market Snapshot (video) February 10, 2021 On the surface, risk assets appear to be bullet proof. Commodities including copper and oil, for example, keep trending higher and made new highs yesterday, while certain equity indices such as the Russell 2000 have extended their recent gains (the index is now up 16 per cent YTD). In this brief clip, though, we dig [...]
City A.M. TV: Daily Market Snapshot (video) February 9, 2021 With a number of US equity indices pushing out to new highs yesterday, the key near term question is: Are markets about to top? Or does the upside move just gets going? In this brief clip, we think about the answers to those questions and examine the evidence. On one hand, for example, it’s well [...]
City A.M. TV: Daily market snapshot (video) February 8, 2021 Is there a message for western markets from Asian price action? Various key Asian markets, including the Chinese Shanghai Composite, Hong Kong’s Hang Seng and Korea’s Kospi, have all struggled to break above key technical levels in recent trading sessions. That stands in contrast the price action in the US (at new highs) and Germany’s [...]
Ollie Phillips: Improving France will dethrone Six Nations favourites England – and empty stadiums will help Les Bleus February 6, 2021 It’s easy to see why England have been installed as the favourites for the Six Nations, which starts this weekend. But they aren’t my tip. Yes, England are the holders, having prevailed in an interrupted 2020 championship that finally concluded in October. They then won the Autumn Nations Cup, beating France in the process – [...]
City A.M. TV: Daily Market Snapshot February 5, 2021 With such a strong rally this week, and a marked retracement of recent losses, the key near term question is whether this is a ‘dead cat bounce’ – OR – simply a resumption of the medium term uptrend. From a price action perspective, the jury is still out. In particular, despite a strong rally in [...]
City A.M. TV: Daily market snapshot February 4, 2021 With a strong move higher in US equity markets this week, signs of near term ‘greediness’ have been building. Usually, when levels of greed and complacency become elevated, markets then become vulnerable to the downside. Conversely, when fear levels are high, it pays to turn bullish. In this brief clip, we show how to ‘lean [...]
City A.M. TV: Daily Market Snapshot February 3, 2021 With such a strong rally this week, and a marked retracement of recent losses, the key near term question is whether this is a ‘dead cat bounce’ – OR – simply a resumption of the medium term uptrend. From a price action perspective, the jury is still out. In particular, despite a strong rally in US [...]
City A.M. TV: Daily Market Snapshot February 2, 2021 With such a sharp rally in global equity markets over the past 36 hours, the debate continues to rage about whether this is a wave two relief rally in this pullback, or indeed whether wave one is still ongoing? This morning we look at the key technical support and resistance levels, as well as the [...]
Ollie Phillips: Private equity investment is the impetus rugby needs for short-term survival and long-term prosperity January 31, 2021 Private equity in rugby is back on the agenda, with the long-rumoured CVC Capital Partners and Six Nations deal now said to be imminent. Meanwhile, US buyout firm Silver Lake is keen to add a stake in the All Blacks to a portfolio that also includes Manchester City. All this will make some in sport [...]