Discombobulated! Fed reaction & oil transformation

Takeaways: Markets didn’t know quite how to react when the Fed held last week. That’s hardly surprising when messages shift, narratives conflict and seven years of abnormal policy has created a ‘misallocation of capital’. A breakdown in the ‘normal’ relationships between assets and responses to good and bad news is becoming par for the course. … More Discombobulated! Fed reaction & oil transformation

On the rebound?

Takeaways: Knowing when the game’s up might be the theme of the week. The Greek saga rumbles on with both sides not able to agree now on how close they are to a deal. Eurozone markets remain sanguine. UK markets are even buoyant, with rising earnings expectations providing support. But will the recent lack of … More On the rebound?

Five questions

Takeaways: We wouldn’t be so presumptuous as to say these are the biggest questions out there, but they’ve been exercising our minds these week and we’d welcome your views. We’re still waiting on Greece’s fate, whilst we ponder the bond sell off, ask where oil is going, wonder about corporate cash piles, and reflect on … More Five questions

Time running out for Greece

Takeaways: D-Day rapidly approaching for Greece as time is running out to agree a deal with its international creditors, secure the release of badly needed bailout funds and avoid defaulting on its obligations. Rumours are rife that the Syriza government is preparing to take the dramatic step of declaring a default. The country is rapidly … More Time running out for Greece

And Greece is the way we are feeling…

Takeways: No deal and still we wait on Greece’s fate.  Markets seem nonplussed. Is this faith in an 11th hour agreement or in sufficient mitigating factors? Both seem risky assumptions and no deal can ‘cure’ Greece overnight. Meanwhile, a tremendous amount of uncertainty remains elsewhere, not least in the volatile oil price and currency markets. … More And Greece is the way we are feeling…