Jim Mellon talks Brexit and Victor Hill responds to the Autumn Statement

Follow this link if this email is not displaying correctly DAILY BULLETIN Thursday 24 November 2016 Dear Gutenberg, We had the opportunity to sit down with investment superstar Jim Mellon yesterday and pick his brains on some of the biggest issues facing the markets in the months ahead. You can see how he responded by clicking here I, Philip Hammond… by Victor Hill | Economics | 9 mins. to read When Philip Hammond MP, Chancellor of the Exchequer, stood up in the House of Commons yesterday afternoon to chart the course for the British economy over the coming Brexit-obsessed years, he did so as the first Chancellor for nearly 30 years who has no ambition to succeed his boss as Prime Minister. This is an experienced and thoughtful man who – despite being on the wrong side of history (he was, and remains, a Remainer) – just wants to do the right thing. Although the right thing (like truth) is not a neutral concept. Mr Hammond has been both Defence Secretary and Foreign Secretary, and he knows that this is his last big job in government. Mr Osborne, his predecessor, used his budgets and Autumn Statements to showcase his personal political manifesto. Prime Minister Cameron was happy with that: he assumed that his Bullingdon Club buddie would be his natural successor – and they genuinely liked one another. Gordon Brown, in contrast, wouldn't even allow his boss, Tony Blair, to know the contents of his budgets until the morning before – when he would slam the draft budget statement on the PM's desk and harrumph out. They didn't like one another.   Click here to read the full story LATEST STORIES FROM OUR BLOG ASOS: Technical target heading towards 5,750p by Zak Mir | Trading | 1 mins. to read ASOS (LON:ASC) had first mover advantage in its online retail space, and it looks as though in share price terms we shall be treated to more of the same over coming months.   Click here to read the full story Churchill and His Money by Evil Knievil | Evil Diaries | 1 mins. to read It's all very well Phil Bentley laying out £3.6m on his Mitie (LON:MTO) bet but he is not in post until 12th December. He will then, I think, be able to see contracts which are front-end loaded as regards profits. This will grind hard.   Click here to read the full story How to trade seasonality with binary options by Vince Stanzione | Trading | 3 mins. to read We are often told that no one can predict the future, especially in financial markets, and we are also told that the "past does not equal the future".   Click here to read the full story Foxtons: Break of 50 day moving average points to 75p by Zak Mir | Trading | 1 mins. to read It would appear that scrapping the lettings agent fee in the Autumn Statement is a move that will command broad support amongst the general public. Foxtons (LON:FOXT) is one of the companies in the firing line.   Click here to read the full story The BONDfire of the Vanities by Jim Mellon | Economics | 6 mins. to read Last week I was in New York, and by sheer chance I ended up right next to Trump's golden palace (and of course the many thousands of indignant demonstrators objecting to his position as President-elect).   Click here to read the full story QUOTE OF THE DAY "The successful man will profit from his mistakes and try again in a different way."                                                  Dale Carnegie MASTER INVESTOR VIDEO EXCLUSIVE LATEST EDITION OUT NOW Is your portfolio ready for a 2008-style financial crisis? Bank valuations already at lowest point since 2008 - a precursor to another blow-up. A real risk of Italy leaving the Euro, French insolvency, and Germany writing off huge loans to Southern Europe.  Disruptive political events, like Brexit or the US election, threaten to throw markets off course. Will China's debt bubble finally burst, just when no-one expected it? Click here to download as PDF   Click here to read in ISSUU format Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2016 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences