Price action in equity markets was a little muted given that it was a public holiday in much of Europe. An upbeat tone following Federal Reserve meeting minutes was turned a little sour by OPEC.
Chart In Focus Junk Bonds Don’t Confirm Higher Highs The SP500 has rebounded from the May 17 one-day panic to push to a higher high. But high-yield bond ETFs like HIO are not confirming that higher high, and that’s a problem. High yield bonds typically[…]
ASX 200 flip flops again to close 21 points higher at 5790 after early losses as the grind continues. Retails sold off with banks steady and miners finding support. Asian markets followed Wall Street higher with Japan up 0.43% and China up 1.34%. AUD steady[…]
15.50 BST Wednesday May 24th 2017 LCG Market Rundown By Jasper Lawler, Senior Market Analyst Markets wait a Fed minute A week on from last Wednesday’s sharp impeachment-inspired sell-off in risky assets and the recovery across markets seem to be running out of steam. Movement[…]
ASX 200 flip flops to close up 9 points at 5769 as banks continue to weigh and resources hurt by the Chinese credit downgrade.
Last night’s appalling events in Manchester once again force every reasonable person on the planet to think beyond facile soundbites about why these atrocities happen, and how the élites in the West respond to them. This post is about one disturbing aspect of government reaction[…]