Tatton Weekly: Central Banks – None the Wiser; Unwinding of QE – first appearance on the horizon; Eurobonds on the horizon?; China’s capital markets door opens – a little – further; Change in stock selection dynamics lurks beneath the ‘technology tantrum’

Mike Gordon

Central Banks – None the Wiser While politics and another desperately sad case of corporate man-slaughter dominated UK news, economics at home and abroad were dominated by central bank policy action, in-action and signs of rate setting committee dissent.   Unwinding of QE – first appearance on the horizon While there were no real surprises… Read more »

Tatton Weekly: Strong and stable?; Political cycles and economic imperatives; New EU bank insolvency regulations pass the market test; Trump’s Softening Stance; Gulf States sever ties with Qatar – implications on oil

Mike Gordon

Strong and stable? On 18 April, when PM Theresa May announced that she would ask the UK’s electorate to give her an enhanced Brexit negotiation mandate by way of an early election, my (well documented) view was that she would improve her majority and this should in turn be positive for the UK’s Brexit negotiation prospects,… Read more »

Tatton Weekly: Expected and unexpected turns of events; Eurozone: growing apart?; Echoes of 2007-08? Subprime fears in US car loan market; Is Japan’s economy hitting its stride?; UK Election: Political uncertainty returns

Mike Gordon

Expected and unexpected turns of events May brought global multi asset class investors a welcome boost of their 2017 year to date returns. With reports of strongly growing corporate profits over the first quarter of the year, global investors appeared happy enough to abandon the ‘Trump Trade’ as the justification for their ‘risk-on’ attitude and… Read more »

Tatton Weekly: End of globally synchronised growth upswing; Why does China matter?; US update: Rate rises while economic growth is slowing?; Brazil back in Crisis: Pitfalls of EM Investing; Oil: Can OPEC contain US shale but keep prices stable?

Mike Gordon

End of globally synchronised growth upswing At the end of weeks like this, I tend to struggle with the prospect of writing about the economy and global investment opportunities. However, it is not the purpose of these pages to pass comment on what may have made our world as divisive and lacking in moral restraint… Read more »

Tatton Weekly: Trump trade reversal – sign of things to come?; Brexit pains – or ordinary economic fluctuations?; Public purse or private wealth: Re-nationalising the utilities?; Q1 earnings – fairly valued or overvalued?; Insurance accounting rule changes: Another nail in the coffin of annuities?

Mike Gordon

Trump trade reversal – sign of things to come? It’s always the same. The moment you comment on an anomaly in the markets, it either ends or is significantly challenged. Last week, I wrote about the eerie calm in the stock markets. This week, Trump’s got himself into so much trouble with the opposition and… Read more »