After some initial enthusiasm, investors are now having second thoughts about the reflation trade and once again pouring more money into bonds, as inflation is expected to remain low for longer than first appeared. But, when yields on a 70-year sovereign are at 1.65%, something must be seriously wrong and it can all only end in tears.
Financial markets move like a rollercoaster, heading up and down in prolonged and erratic movements that become self-fulfilling at certain points. Investors tend to follow the main trend, quickly following the herd, no matter how foolish that may seem. Adding to the mix, we have central banks that have been helping on the volatility side and turning the market ever less informative. How can we make sense out of it all?
by Robert Stephens| Equities| 4 mins. to read I believe the focus for UK retailers should be on international expansion. A weak pound provides positive exchange rate translation benefits for exporters. That's a key reason why I'm optimistic about the prospects for JD Sports Fashion (LON:JD).
by Victor Hill| Economics| 8 mins. to read Overall, most of the assembled experts, including my friend Evil Knievel, were Sterling bulls. I think they are right. I am going to stick my neck out here and predict that Sterling will trend towards US$1.30 and €1.25 by the end of this year. (I am assuming that the US$-Euro rate will remain substantially stable). Here's why....
by Zak Mir | Trading | 1 mins. to read As I have been reliably informed that Silver plays are a better play on precious metals than Gold, it seems correct to take a look at the recent recovery in a leading mining minnow.
by John Cornford | Economics | 6 mins. to read Following Tim Price's article on the slow death of the stockbroker, written from the perspective of a fund manager, here is that of an analyst insider whose City career spanned pre-big bang, when the species hardly existed, to today – when Mifid could be about to hammer a final nail into their coffin.
by Evil Knievil | Evil Diaries | 2 mins. to read Following up my piece last week on MP Evans (MPE) and REA (RE.), here are some interesting notes on REA prepared by a friend a couple of days ago.
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