“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”
The fireworks started in Japan and that’s where they ended.
Caught between a rock and a hard Brexit.
“This is the big one, Elizabeth!”
So what do you do? There are no “good” answers.
And that, folks, is the week.
Remember, three-quarters of the sales of FTSE 100 constituents come from abroad and on Thursday, the 40-day correlation between the FTSE and the pound turned the most negative ever.
Not sure where the fireworks were but maybe you can point me to them.
BANK OF ENGLAND RAISES BENCHMARK INTEREST RATE TO 0.5%
Well, there’s not a lot going on in the week ahead and by that I mean there’s so much going on that you couldn’t plan for it even if you wanted to.
“…or what counts as ‘fireworks.'”
And now, back to your regularly scheduled programming…
As one reader put it earlier today, “is just being open for trading” a good enough reason for stocks to rally?
This time last week, everyone thought we’d all seen our last Friday.
There’s tension in the air.