A mixed session in Asia today, probably following the last minute sell-off seen in the US markets. Although most markets opened positive, Chinese indices could not join the party. The domestic data was mixed solid a consumer inflation release, but that was off-set by poor producer inflation. Viewed as negative forward looking data the news […]

  The European Central Bank (ECB) will NOT aid Italy with an EU rescue program if the country or its banks are in financial turmoil. The Italian government is taking the view that Italy has become an “occupied” country and that Germany has conquered Europe imposing austerity and its view of inflation upon the whole […]

QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in the S&P as September and called for a waterfall on the monthly level. That was amazing. Yet, with the stock market crash, gold could not even rally above the previous week’s high. If the bonds look like death warmed over, equities crash, then surely gold […]

As you would have anticipated, the decline in Asia was as brutal as expected. Not everyday you see an 800+ fall in the DOW and so Asia followed through with its interpretation. All core opened lower and it went worse from there. Shanghai was the standout closing 5.22% down on the day. Talk that the […]

QUESTION: Hi Martin, I just read your blog on the new NAFTA. One important point that you missed is the control the new agreement gives to the US over Canada in it’s trade deals it makes with other countries, (China being the target) The US gets to review all deals before they are signed and give […]

Interest Rates have been on the rise since 2015.75 4th quarter. All of a sudden, the headlines claim U.S. stocks took a dump to close sharply lower because investors spooked by rising bond yields sold equities in all sectors. The Nasdaq Composite Index (COMP) fell 315.97 points, or 4.1%, to 7,422.05, its biggest decline of 2018. The […]

Asian markets finished positive, but it was only when the US opened did the excitement begin for the day. Europe caught a lot of the declines into their close, so lets just concentrate on developments from there on, especially following growth concerns that the IMF have raised…. We did see PPI (Producer Price Index) release […]

  Asia was more concerned about the weakness of the core Chinese markets after last weeks holiday. The Peoples Bank of China cut (by 100bp) the reserve ratio for lenders on Sunday and that move spooked an already wobbly market. The Hang Seng had already responded to higher US rates last week and so closed […]

The draconian fear of rising rates being bad for stocks, was flushed through into Asia this morning with all core markets trading heavy. The Nikkei lost nearly 1%, having opened lower it could not find a confident bounce throughout the day. The Yen is treading water around the 114 figure level, but looks to be […]

The FED was blamed for stopping yesterdays US rally in equities and has had a similar effect in Asia. Jerome Powell commented that they are a long way from neutral and that hit the long end of the Treasury curve. The ADP was probably enough to indicate economic strength, but then Jerome Powell light the […]