Tatton Weekly: Confusing signals?; Corporate earnings growth: As good as it gets?; US 10 year treasury yields finally break through 3%; Diplomacy vs. ‘Trumplomacy’: Geopolitical risk update; Markets bullish on oil

Mike Gordon

Confusing signals? We are now over 90 days into this stock market correction and market action over the past week must have enforced the view of many lay investors that understanding what makes them rise and fall is beyond rational consideration. The ongoing Q1 corporate earnings results announcements are pointing to the strongest annual growth… Read more »

Tatton Weekly: A mixture of messages; Is the BoE backing away from a May rate rise?; Israel-Iran tensions: conflict in Syria?; China’s micro-management continues

Mike Gordon

A mixture of messages As a youngster, our mum would occasionally treat us with a bag of “pick-n-mix” from the sweets counter at the old Woolworths. I say treat; we didn’t get to choose. I loved jelly babies, but the liquorice all-sorts were horrible. I seem to remember the weather being glorious when we went…. Read more »

Tatton Weekly: Peaking, plateauing or dimming – and how about that war?; We need to talk about the UK; US and Russia conflict over Syria; Insight – Fundamentals of bond returns and yield curve reading

Mike Gordon

Peaking, plateauing or dimming – and how about that war? Considering the sheer volume of geopolitical war talk, it might seem surprising that stock markets ended the week up, not down. The reason for this is most likely that the probabilities for an actual trade war between the US and China are seen as reducing,… Read more »

Tatton Weekly: Could do better; The Big Tech Scare – understanding the drivers; What’s priced in? A global economy too hot or too cold?; Earnings season preview

Mike Gordon

Could do better April and the second quarter of 2018 carried on exactly where March and Q1 had finished – volatile. The financial media made a big story out of the fact that markets had not opened the second quarter as poorly since 1929 – mostly missing to mention that the 2-3% April 2 decline… Read more »

Tatton Weekly: End of a stormy first quarter; US-China trade war: about trade or about war?; Private equity valuations, a Canary in the LIBOR Coal Mine?; Have the tech ‘superstars’ lost their shine?

Mike Gordon

End of a stormy first quarter Investors might think it appropriate that the first quarter of the year should end with a damp Easter bank holiday weekend (at least in the UK). After a pleasing last quarter of 2017, investors enjoyed what we refer to as a ‘melt-up’ in stock markets during January. Global growth… Read more »