With the exception of the firmer Hang Seng (+1.75%), core Asia was pretty much mooted. The big news today was BREXIT again when Boris Johnson withdrew his name for potential Conservative Leader. This comes on the tail of Michael Gove declaring his willingness to throw his hat in the ring. Markets were firmer (around +0.5%) […]

Asia performed well in what appeared to be trading in shadows the majority of the day. Rumors that the PBOC were about to cut rates saw a rally in Shanghai (+1%) only to drift off the highs by the close. Rumors of more BOJ easing (attempting to put even 40yr bonds into single digits). It […]

QUESTION: Mr. Armstrong; Your model on civil unrest and war seem to be rather amazing. The anti-establishment feeling is rising quite strong. Not sure what’s going on with Trump. It looks like the Republicans are still trying to prevent him from being the candidate. All the money is going to Hillary. Government is becoming very […]

The Nikkei had a poor start but finished better as did Shanghai. HSI closed a little lower (-0.3%) but well up from opening levels. Europe was the main talking point yet again today and with a healthy bounce in both currencies and equities; many people spoke of nothing else. After suffering two awful days, we […]

Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 Standard & Poors downgraded United Kingdom (UK), which is comprised of England, Northern Ireland, Scotland, and Wales, from AAA to AA. This shows emotional and political bias rather than any substantial change in economics; they are making good on their political threats of 2015. S&P […]

Sources are talking about desperate times in Brussels. The reaction in Brussels is never reform, but rather more draconian measures. A nine-page report exists discussing how the leaders of Germany, France, and Italy met in Berlin for BREXIT crisis talks. The solution? They want to shut down any democratic possibility of disagreement, as they know […]

As we expected weekend headlines would dictate Monday’s trading and that is exactly what we have seen. The GBP continues to fall spreading uncertainty and confusion around the globe. In the UK the opposition party (Labour Party – known as the Shadow cabinet) saw ten members resign on Sunday and an additional nine members resign […]

  While everyone is busy blaming the Brits, the real culprit is the EU. The audacity of various EU ministers demanding immediate withdraw is akin to a spouse who just discovered their partner was cheating. They may say beware of a woman scorned, well it looks like this applies to male politicians as well. The […]

Resigning so far today are: Lord Falconer, shadow justice secretary Chris Bryant, Shadow leader of the House of Commons Heidi Alexander, shadow health secretary Lucy Powell, shadow education secretary Vernon Coaker, shadow Northern Ireland secretary Ian Murray, shadow Scottish secretary – and Labour’s only MP in Scotland Kerry McCarthy, shadow environment secretary Seema Malhotra, shadow […]

Hilary Benn called Jeremy Corbyn overnight to claim he should resign! Corbyn fired him. The Labour Party claims there is no confidence in Corbyn, and there will be a resignation every hour for the next ten hours of today. In fact, shadow health secretary, Heidi Alexander, just resigned. Rumor is half the shadow cabinet is set […]