As we close 2015 and begin a new year, the markets generally closed flat to neutral with a warning that as we approach the political year from hell (2017) that this is by no means going to be a walk through the park. We are more likely than not going to see some trends conclude […]

It was a very dull day to finish 2015, but not really surprising given the performance we have seen for the year. Shanghai has finished the year up 9.4%, but it was the smaller Shenzhen Composite with a YTD gain of 63.2% that was the shining star. The Nikkei added to its annual gain by […]

Asia finished a mixed session with gains in Shanghai (+0.25%) and Japan (+0.27%), countered with a small decline in the HSI (-0.53%). For Japan, today was the last trading day for 2015 and returned a yearly gain of just over 9%. European core indices fell across the spectrum with losses for DAX (-1.08%), CAC (-0.52%), […]

On Sunday, Swiss army chief André Blattmann warned directly to a Swiss newspaper that social unrest in Europe is rising. He warned that the increasing aggression in public discourse is becoming “dangerously aggressive” among Europeans. In general, tensions are rising and it presents a major political risk. He stated bluntly that “social unrest cannot be ruled out.”  Blattmann also […]

Despite the low volume, we saw a positive rally across Asian equities with all markets closing around 0.5% or higher. The PBOC set the yuan rate at 6.486, the lowest since mid-2011, but marginally weaker than yesterday. In Europe, markets moved ahead with the DAX, FTSE, and CAC all closing higher by around 2%, the […]

The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level, if breached intraday, where a Panic Crash unfolds. That is the real important level for 2016, but […]

Holiday volume and poor order flow was the name of the game today and can probably be expected for the rest of the run into New Year. In Asia, China’s Shanghai lost 2.5% whilst the Nikkei made a small gain of 0.56%. In European trade, the oil market was the topic of conversation as it […]

China is demonstrating that it is more practical than anyone else in the industrialized world. They have announced that they will “reasonably” set limits on new local government debt in 2016. Finance Minister Lou Jiwei said at a work conference in Beijing on Monday that they will actually limit local debt; something nobody else does. China […]

Landlords are joining together to challenge the Conservative’s (i.e. Tory’s) tax hike by filing a suit in the high court against their tax increase on “buy-to-let” investment properties. One of the reasons I have stated that Maggie Thatcher herself would have broken away from the Conservatives and started her own third party is demonstrated by this […]

QUESTION: Hello Marty Great conference! If the EM Debt implodes wouldnt the stock markets of those counties rise?? If the stocks from the EM markets did rise would they rise faster than the decline in their currency to the USD?? Thanks CW ANSWER: Yes. Normally we experience currency inflation, which is the rise in assets […]