Category Archives: Weekly Update

Weekly update by A.D

8258232538_e75bf78cba_b Dear all, It has been a while since the last time I wrote a weekly update. I think that sometimes it is good to take a pause and take a bit of distance in order to get a better judgement. Btw, in my last note I stated that gold and silver represented good buying opportunities. Since then they have gained 10% and 17% respectively. In today's note I am going to focus on Bernanke's latest shocking decision not to taper. I will try to explain why he did this and what the consequences of such decisions

Weekly update, by A.D

Anleger verfolgen Börsenkurse in Shanghai Dear all, Wow, what a week! Both equity and bond markets got badly smashed! Those who keep saying that equity markets have been following fundamentals and that market moves of the past years haven't been driven by Central Banks must be disappointed and frustrated. They will just keep silent for a little while and come back when the situation gets more favorable to them, no doubt! Today I will focus on the latest developments in China and will then comment recent market moves in 3. 1. China:

Weekly update, by A.D

Bernanke prayer Dear all, Another week of uncertainty and concerns. Complacency times are not behind us and signs of tensions have been accumulating lately. I will go through those signs in today's note. Signs of tensions Last week I did mention that volatility was back. Well, it is still there! Japan markets have turned wild! +5% one day, -4% the next day ... and the same applies to the JPY who has been strenghtening a lot lately. Every time someone "important" pronounces the word tapering, markets react

Weekly update, by A.D

aaa69313160 Dear all,   Volatility seems to be back, and not only in Japan. We have switched from extreme complacency to a more cautious attitude. We will go through the reasons from this attitude / sentiment change in this note. 1. From complacency to caution As we will see in part 3 markets corrected during the last 2 weeks and the most extreme case is ovbiously Japan that lost 20% compared to its high of the 22nd of May. So, what triggered this correction? First of all, the rallies that

Weekly update, by A.D

Japan Dear all, After an 80% increase since October, the Japanese market experienced its biggest drop (in a single trading day) since Fukushima last week (-7.3%). We will need to wait to see whether the selloff continues (it did last night) or whether it is only a minor correction before another rise; it is a warning anyway and shows the weakness of central banks fueled rallies (like the US, UK, Eurozone ones). In that note I will explain the reasons for this sudden and pretty sharp drop, and go through

Weekly update, by A.D

s&pmacro Dear all, What we have been experiencing during the last few months is insane! The markets keep heading higher despite disappointing and worsening fundamentals, and thanks to very accomodating central banks. But how much longer could this situation last? Many data got released last week. Let's go through the most important ones. 1. China slowing down, Eurozone in recession, US data mitigated   Let's start with China. There was a number of data released last week, and they confirmed

Weekly update, by A.D

327403-champagne Dear all,   A lot of data got released last week. Most of them were negative, except the monthly job report coming from the US. The bad news were ignored by the markets and the good news did attract a lot of positive attention and sent the S&P at its highest level ever! In that note I am going to go through last week's data and comment them. 1. Main economic events from last week What a week! We not only had a huge number of data released but also some important speaches and

Weekly update, by A.D

merkel-euro-greece_2213295b Dear all,   I am now back from holidays. Not much has changed since I last wrote a weekly report: the markets are still going up while fundamentals remain pretty poor. Today I will focus on the number of voices raising against austerity in Eurozone and comment the latest economic data such as the US GDP.   Eurozone: bye-bye Austerity? During the last few months a number of voices raised against austerity; mainly from the governments who had implemented austerity measures,

Weekly update, by A.D

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Very sorry but I will not be able to write this week’s update as I will be on holidays and I don’t think that the wifi will be good enough there.

Will be back soon!

A.D

Weekly update 08/04/2013, by A.D

iaGk3D0fQSp8 To all, Japan has been doing its very best to end those 2 decades of deflation. The least that we can say is that the BoJ (Bank of Japan) has been extremely aggresive lately. We will explore the latest BoJ's decision in details in that note as well as its potential consequences. I will also go through the latest employment number in the US, that came as a big disappointment last week, and other macro news. 1. All-in for Japan. How could this end? The latest announcement from the Bank of Japan