A refreshing bounce for both the Hang Seng and the Nikkei were most welcome despite the continued low volume. Admittedly, the HSI only saw a small improvement but the Japanese index recovered 1.5%. Financials helped todays bounce with technology managing to hold yesterdays declines. There is still an air of optimism coming from global events […]

  COMMENT: Mr. Armstrong; I am sure you are aware of the sudden correction to the hyped stories by ABC and CNN that a confidant of Lt. Gen. Michael Flynn said that Flynn was prepared to testify that then-candidate Donald Trump instructed him to contact Russian officials. Of course, they twisted that directive when Trump had […]

The top story in Britain is the collapse of BREXIT negotiations thanks to the stupidity of Northern Ireland. If Northern Ireland wants to remain inside the EU, we already have Scotland saying they would want the same deal and the Mayor of London adds his two-pence to the issue think he will save the City […]

  Asian markets were unsure how to respond to the weekend news of the US tax move. Whilst it was assumed the move was positive news for US futures markets, it is not necessarily good news for its competitors. The realisation that cash is now being beckoned by US markets, others realise they will be […]

Although Asian indices opened well on the back of a strong US session, they unfortunately could not hold the levels. Part of the reasoning was the tax Bill would be delayed and having seen the DOW blast through the psychological 24k level many were concerned this delay could threaten Thursday gains. The Nikkei was up […]

COMMENT: Marty; You have beaten Soros. Don’t know if you have seen this, but they now report “George Soros finishes his crash bets against the US stock market. The investor legend seems to have lost its way and acts with little fortune. Now he has to reveal himself.” PC REPLY: Interesting. Soros became famous with the bet […]

  COMMENT: Mr. Armstrong; Your warning about the European Banks has come to a head today. Société Générale has announced it is closing 300 branches and firing 3450 staff. Everything you have been saying is proving to be correct when nobody else seems to even discuss the matter. I hope you come back to Paris. A […]

Asia responded to an uncertain US session with its own uncertainty! The Nikkei was almost unchanged despite the move back into the Yen. The currency traded back toward the 111 level but stopped shy by only a few Sen. The Hang Seng alos closed almost unchanged but we saw a small positive move back for […]

It was the strength of the Yen that took top discussion point today in Asia, or alternatively, the US Dollars weakness. Having shown early gains, the Nikkei tended to drift and was probably influenced by a much weaker China market. The Shanghai index finished near 1% lower as concerns start to grow following the sell-off […]

The EU Commission is deeply concerned that Italy is under pressure to spend frivolously because of the upcoming elections. The EU is now scrutinizing Italy’s huge sovereign debt. Because of the vast size of the Italian economy, the high level of total debt is a major concern for the Eurozone as a whole. The EU Commission […]