COMMENT: Dear Martin, London 23rd Feb, it is very sad, I cannot find one main stream news outlet that is backing a Brexit. They are all preaching fear, even Boris is not campaigning hard (yet only I hope) and the BBC which is meant to be unbiased is clearly Pro EU. Is this the sound of […]

Asian stocks returned some of yesterdays gains as nerves and another turn in the oil price weighs on sentiment. Renimbi was fixed at its lowest level since early January in covered by a hefty cash injection. Stan Charter shares were down 3% after releasing weak earnings. All core markets drifted to close around the 1% […]

Some people have asked if I am a Republican or Democrat/ Labour or Tory. Both political sides are wrong. They pander to their core constituents using the social issues to get everyone wound-up, but when it comes to economics; well there is no real difference. Neither side will reform or downsize government. Their solution will […]

After a slightly nervous start to the Asian trading day all core equity markets made solid gains of between 1 and 2%. A slight comfort was assumed in China after PBOC Governor Zhou claimed the renimbi is balanced but then made ground on the news that the head of the regulatory body was changing. The […]

QUESTION: I attended your May 1999 seminar in London. I am the person who asked you when would Britain exit the EU. You said not before 2016. Can you elaborate on how you could have possibly foreseen this event coming in June?

This time is was Shanghai that bucked the trend after ending the day up +1.1% whilst the Nikkei and Hang Seng closed 1% lower. All core indices moved in a 3%+ range, which is only to be expected these days. Late in the US trading day, we are seeing Asian futures following the strong pattern of […]

QUESTION: Mr. Armstrong, since the S&P did break last year’s low, does that qualify for a slingshot if the Dow does not? Thank You for all you do GW ANSWER: We do not have to make a new low in the Dow. The S&P 500 penetrating last year’s low was sufficient. We are approaching our […]

  The U.S. stock market closed more than 1.5% up on Wednesday after posting a three-day gain that was helped by some recovery in oil prices and encouraging economic data. We now need to move higher beyond a three-day rally to suggest this is more than a reaction. The markets are clearly shifting. Gold managed […]

QUESTION:  Hello Martin Today it seemed as if you posted a basically bearish Euro call and a temporary bullish Gold call. I understand that a crisis in the Euro could get people to buy gold but in the long term if the Euro falls to 80 Cents, Gold in Dollar terms would drop to the […]

Despite weaker than expected Chinese Trade Balance stocks actually performed well on the back of PBOC rhetoric concerning the currency, taking it to its strongest level against the USD in almost a year (6.4935). It has however, weakened since China close and the off-shore was last seen in NY at 6.5200. Shanghai closed +3.3%, Hang […]