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.
BANK OF ENGLAND VOTES 7-2 TO MAINTAIN BENCHMARK INTEREST RATE
You’d probably be wise to do the same.
Uncertainty around Brexit will of course continue to serve as a countervailing force, which brings us to the cruelly ironic (and exceedingly ridiculous) part of this whole charade
This week’s market-moving events are likely to be unscheduled. Remember, Irma is still a catastrophic natural disaster even if it didn’t quite turn into a scene out of a bad Jake Gyllenhaal movie. And as the above mentioned Ben Purvis notes, “Kim Jong Un [could decide] to inject himself into the conversation again,” at any time.
The day in charts.
Buy it all.